Can your rental income be considered as your own income to get a mortgage on a property?
Hello BP nation ! If we would receive K1 income from own business, would it be considered passive income? If so , can we use the suspended real estate passive loss (Suppose tax return over 150k) to deduct K1 income...
First year of managing a family owned commercial building. Received a Statement of Income from the municipality. There is a section regarding "Escalation Income". The lease includes a clause that allows us to annually...
If I don't have a job, but do have substantial rental income for the last 2 years on my tax returns, will banks(commercial and conventional lenders) still see that income as just as good as w2 income? I've heard th...
Hi all,I have been growing my portfolio over the last 5 years and currently have a mixture of 5 rental properties, 1 flip in progress, and 1 single family house that I decided to cash out on the equity and sell. (unde...
I am trying to understand taxable income on rental property. As an example, if I have 7 rental properties with a gross income of $110,868. My profit after operating expenses and depreciation is $41,262; is the $41,2...
I know banks want 2 years of landlord experience before they will add rental income into your income streams. I have started partnering with my dad on some rental units. We just bought a triplex and evaluating a 7 ...
I am new to real estate and hear two opposing things about whether you can use rental income to qualify for a loan. My understanding of the BRRRR Strategy is that you can claim 75% of the rental income to qualify for...
Are most investors using Real Estate as a means to generate monthly cash flow to replace their daily job or to set themselves up for retirement income?
Hi my name is Kyle, First time poster long time reader.
I have a question I would run past my accountant but not sure if its a dump question or not.
I have been in R.E. investing since 2007. I have a few rental pro...