Chris Henry
Suggestions for offsetting passive income
Hi there, and thanks for reading.
I have a rental property with strong / steady annual net income of about $100k/year. This is after all expenses/depreciation.
I'm not looking to build a rental portfolio, but wonde...
Kevin Kim
percentage on rentals in chicago
Hello, I am learning and reading during the quarantine. Is percentage the same as bigger cities and small cities? if that make sense?
Drew Slew
NJ Jersey City - rental income tax
Basic tax question if anyone can help for a 2 family in NJ, Jersey City.Tax is around 20%, and rental income is considered capital gains?Lets take example 50k rental income for 12 months,property 7k taxes per year,let...
Serafin Farias
Multifamily analyzation help
I know of a property and am trying to determine a "ceiling" for the most that should be offered for the property. This is a question about process and analyzing deals.I know of a triplex whose rents total $1,200/month...
Eli Shicker
How are Closing Costs / Attorney Fees covered?
Hi,When syndicating an apartment building, who typically covers the attorney fees and closing costs? Does the syndicator or is that a fee paid out by the investors?Thanks.Eli
Hector Andujar
Purchased a Rental with father in law; Need help
Hello, everyone I recently purchased a 3 family beach rental unit with my father in law. The loan process got us tangled into a loan that was suppose to be a FHA, with a gift from family. End result is that we purchas...
Scott Robinson
I want this to be my fist purchase...should it?
I have an opportunity to buy a property for about $120k, ARV $160k. 3/2 in a decent neighborhood around DFW. House has general wear and tear but no major issues that I see and do not plan on putting any money into it...
Marquest Page
Claim Depreciation on "Subject to" Property
Hi BP! I am in need of any advise that anyone can provide. I understand most are not attorney's or tax professionals so I will not hold anyone too whatever they share as if that were the case. I purchased a property s...
Sasang Doc
Equity Stripping with HELOC
Hello BPers,I'm an LLC hoping to jump into bed with a sexy HELOC loan and strip down all my equity in an investment property.My question for ya' all: Is the entire amount of HELOC credit protected from creditors? Or o...
Christopher Howard
Expense Tracking for Rentals
Hi all,I had a pretty general question, I'm wondering what people use to track their expenses for rental properties. I only have one property now that I'm fixing up so there is always and expense. For now I'm just usi...