Tiffany Alfaro
3D scanning & virtual tours
1 February 2025 | 0 replies
Do you think they're worth the investment, or do most buyers still prefer in-person showings?
Jacob Flaxman
Tear down garage to turn duplex into triplex?
6 February 2025 | 7 replies
I personally think it really depends on how much value will it add to the property and if the town will allow it.
Eli Jerman
Taxes for 2024 - First rental property purchases in August 2024
31 January 2025 | 11 replies
You must report rental income on Schedule E and can deduct rental expenses like repairs, maintenance, property taxes, mortgage interest (allocated between personal and rental use), and depreciation for the rented portion.
Sanjai Dayal
Own commercial building, I use 2 of 7 offices for medical business- pay myself?
29 January 2025 | 4 replies
Additionally, if your goal is to maximize personal financial benefits, consider profit distributions from the property-owning LLC, which may provide tax flexibility depending on your situation.By adhering to FMV, maintaining proper documentation, and structuring the lease agreement carefully, you can optimize tax benefits while staying compliant.This post does not create a CPA-Client relationship.
Melissa Stanley
Starting with a Friend (LLC?)
28 January 2025 | 6 replies
My business partner owns a roofing company but has weak credit and more limited cash flow.An LLC is a common choice for partnerships since it protects personal assets and simplifies tax management.
Kamal Martin
Multi Family Units in Puerto rico
24 January 2025 | 7 replies
I do have an agent I know personally but she's only in the area at certain times of the year.Section 8 would be better than nothing.
Benjamin Larabee
Bookkeeper Advice Needed
7 February 2025 | 1 reply
Would love to have a reliable person to help free up some of our time to focus on growing the business.
Jean-Pierre Njiky Djiodjip
New member introduction
5 February 2025 | 4 replies
In my opinion, an in person meetup > an online connection.You may want to consider making a connection here and meeting up for coffee or attending a real estate networking event.Best of luck!
Daniel Windingstad
Lemon or no?
24 January 2025 | 8 replies
Quote from @Daniel Windingstad: Quote from @Obed Calixte: Some people have the personality, processes and systems & time to self manage, some do not.
Joe S.
Anybody ever started a mail drop store?
5 February 2025 | 0 replies
It’s off of a very busy road with lots of frontage and its own personal billboard on top of the building.I’m having a hard time figuring out what to do with the property, whereas it is more on the outskirts of town.