Walt B Philip
Rental Tax Question - taxes on cash flow
Just getting started with rental property investing and I’m wondering if the cash flow generated above and beyond all expenses (PITI etc) is taxable as income in NJ. Numbers to illustrate the question: PITI is $3000/...
Ryan Tyree
Analysis questions regarding debt service and lienable utilities
I see the term Expense Ratio tossed around a lot on the forums. This was not a number I have been using in my analyses so I wanted to gain some clarity on exactly what is included in this number. For instance, I bel...
Jerome Nunez
Is it too early to set up a tax efficient vehicle?
Hi All! I've been gearing up to start my property search (~6 months out) and I wanted to know how far in advance (or not?) should I consider reaching out to a tax professional to build out an LLC? It's a pretty expens...
Dave M.
What to Include in Binder for Lender?
Hi all - I've heard that it's a good idea to create a "binder" of basic documentation (both personal and related to a property) when approaching lenders about purchasing an existing rental property. I would be p...
Joe Boggin
Rentals and write offs
I make 50k a year and my wife's makes almost 140k. Besides our primary home we don't have much to write off and we are getting murdered every year with taxes. We were going to get a couple rentals just for the writ...
Dhwani Shah
New investor question: prev year apprais lower than asking price
Hey guys, new rookie investor here. I've honed down on my first quadplex and everything seems to be good. I just had a question about what to put in as my offer. I checked the auditor site on this property in the coun...
Joseph Verschleiser
Invest in a property using self directed IRA
Hi all - I have a bunch of money sitting in a Roth IRA which I’ve recently learned can be used to buy an investment property. I have enough for a decent down payment on property. Has anyone recently used an IRA to inv...
Todd Hensy
Real Estate Investor vs. Mortgage Lending?
I am new to real estate investing and bought many books on how to buy, fix, rent, or flip them. I haven't made any deals yet. I was also considering mortgage lending as a career.My question is ....which is more profit...
Johnny Smith
Best way to take advantage of tax losses when you make over 150.
So i am hearing from a CPA that because my wife and I make over 150k per year, that I cant really take advantage of tax losses from my rental property. I can carry them forward, but it doesn't reduce my actual gross i...
Michele G.
Building my team to do my first 1031
I have been reading, researching, & looking at properties for a few months now, but I need to get serious and start building my team to help me through my first 1031. My property is in SoCal, but I live in Michiga...