View report*This link comes directly from our calculators, based on information input by the member who posted.Hey all! This is my 2nd ever use of the calculator and I was wondering if you could help ...
I'd say that over 60% of the time, the "automated underwriting system" (AUS) only calls for one year of tax returns for self employed persons. Not the two years you read about on google search results from 2+ years ag...
I have combed a few forums but have not found a variant for my questions that I am needing help with. I own two duplexes that were purchased in 2019; one in my personal name and one in the business. Both were in ser...
I have bought a few rentals in the Chicago area and am put off by the considerable closing costs, especially from the title company. I'm looking at something right now and the down payment is $18,000 (20% down) and t...
I currently own 2 income properties and closing in on a 3rd. Properties are not owned by a corporation and therefore rental income earned and taxed as personal income. It is my understanding that real estate revenue i...
BP Fam,
Please seeking some guidance on managing tax impacts to me, to transfer my parents homes to me as the owner. All the homes are paid off. I am based in Pennsylvania.
I assume They should be able to gift all...
It is my understanding flipping houses is taxed at ordinary income. If the house is held for one year then it is taxed lower. Is this true, and if so, would it make sense for my partner and I to flip the property, ren...
In 2020, I bought my previous primary home with a 20% down payment and a 2.5% 10-year ARM mortgage. Since then, the housing prices have risen about 50%, reducing my leverage from 5x to around 2x. I'm considering purch...
I acquired a couple of rentals this year and have a 9-5 job. Pretty simple. I'd like to have a CPA in socal/orange county that is familiar with real estate investing (and all the tax deductions and benefits that come ...
I'm in the process of acquiring a rental property from my family- they have worked hard to build their business and are in the process of retirement and I want to purchase one of their properties. I've heard that you ...