All Forum Posts by: Rich Thomas

I recently purchased a property for which I will be utilizing as a short term rental year round. I am buying a substantial amount of furniture for the unit and I am wondering if all of these things (beds, sofas, TV, nightstands etc) will be a tax write off? Maybe under the “supplies” section?

I know this is a question for my tax proffesional but would love to hear some feedback before I call him..

@Mark Fries BOOM! 24/7 crushing conditions!

@Ben Leybovich thats correct I am just an LP. So I would assume any profits/losses just pass through to me and get taxed at my tax rate?

Thanks!

@Ashish Acharya yes I will be a LP, thank you!

I am looking at investing in a syndication which is structured as an LLC and taxed as a partnership. Will I pay self employment tax from any profit on this?

Hello, Looking for a broker who knows the Phoenix AZ market to assist me with buying a small commercial property...I am looking at a 20 unit property and need some boots on the ground to represent me. Any recommendations would be appreciated! Thanks!

Hello, Looking for a broker who knows the Houston TX market to assist me with buying a small commercial property...I am looking at an 8 unit property and need some boots on the ground to represent me. Any recommendations would be appreciated! Thanks!

Manny Herrera Do you buy or own any rentals in Dolton? PM me.

Larry Ashlock It sounds like you have all the bases covered here, haha! Very good info I will be reaching out. Im from Boston and currently in a 1031 exchange situation, set to close on my property soon. If I move forward with this property I will def reach out to you asap! Can you PM your email ? Thanks!

Hello, Any commercial brokers out there familiar with the Radcliff, KY area? Trying to get some insight! Thanks