Rebecca Coxson
How to deny applicant due to low income
We are first time landlords. Our first application came in for our rental, but after taxes their total income is barely 2x the rent, where we require 3x rent. What is the proper way to deny them? Do I have to send an ...
Ray Ngo
Due diligence and data to run buy and hold analysis
BiggerPockets community, when I come across a MLS alert email from a RE agent, I have a hard time finding the following numbers, which are absolutely essential to run my cashflow and ROI analysis in a buy and hold sce...
Steven Bond
Meetup in Provo Utah with some of the brightest minds
We are hosting an investor summit. The goal is to bring together the brightest minds we know regarding syndication, how to replace your income, self directed IRA, how to crowd fund, and advice from private equity and ...
Dave Ketcham
Cash-out refinancing as a tax strategy for retired owners?
A business partner of mine is in a partnership that owns an apartment building worth about $3M. They've been upgrading units as they've become vacant, which has reduced the monthly cash flow temporarily with expectat...
Brandon McCombs
structuring accounting and tax receipts for single dwelling with multiple addresses
Hello,I'm closing on my 2nd property next week. It happens to be a 9 unit building, 2 units of which are commercial. It is situated at a 4 way intersection. The 2 commercial units have their own addresses (313 and 317...
Christopher R.
Tax Implication of a Management Fee
Hi All,My CPA is questioning whether a Management Fee that I am claiming deduction on is appropriate if I am not acquiring these services from someone else. IE, I'm setting aside 10% of total rent as a management fee...
Micah Ng
Practice rental property analysis - Windsor, Ontario
Hey all, I'm relatively new to BP and real estate in general, and I've starting to learn how to analyse rental properties for when I am ready later on. As a first year in university I'm definitely not buying any prope...
Andrew S Austell
Tax planning for subdividing and building a new house for sale
After buying a property in 2015 i subdivided the lot. I've kept the original original house and lot as a long term rental. In July 2019 I started new construction of a single family home on the subdivided lot. Constr...
Tara G.
Cash-out mortgage to invest abroad- Tax implications?
We have a paid off rental home held in an LLC that we have a business LoC against (which can be converted to a fixed cash-out mortgage). We are looking to invest the proceeds in real estate abroad. Can we deduct mortg...
Mark Douglas
Documentation Required with Application
I'm thinking about what all I'd like to see come in with a rental app. Here's what I've got:- Copy of SS card and 1 alt. gov't issued ID (Driver's, passport, etc)- 4 weeks of paystubs, or most recent benefit letter s...