Eryn Garcia
My pickle/real estate woes, help/suggestions
19 January 2025 | 5 replies
Some say we have to buy the house with them or we paid too little for the property and finally after going back and forth and submitting all our paper work and paying for appraisal they now tell us they didn’t realize that the property had so many bedrooms and they said they do not loan to properties with so many bedrooms.
Sanjai Dayal
Own commercial building, I use 2 of 7 offices for medical business- pay myself?
29 January 2025 | 4 replies
Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.
Jason Burkart
Gift money for family or buy a rental for family?
27 January 2025 | 9 replies
If you do place the property in her name, you've got a Gift Tax (Form 709) to complete.
Micki Ray Harper
Must an evicted squatter be given notice in a quiet title process in Alabama?
30 January 2025 | 10 replies
Approximately 6-8 weeks ago my attorney stated he was unable to get the delinquent tax 'owner' nor the squatters served in this matter.
Quan Pham
Stressing over what to do next
4 February 2025 | 9 replies
Are you quoting net cash flow - after taxes, insurance, maintenance/repairs, property management if needed?
Kwanza P.
New Here to the platform
29 January 2025 | 15 replies
I would search the BP forums because your tax / legal related questions likely have already been asked.However, it doesn't hurt to still ask the forum what your questions are.
Jim Stanley
Worth it to use insurance for a repair.
23 January 2025 | 9 replies
My rental condo in Asheville, NC was spared damage from the flood, but when the city finally turned the water back on a few days ago, they somehow overpressurized and blew out a fitting inside a wall.
Travis Smith
Using real estate for tax purposes only
1 January 2025 | 5 replies
Of course to maximize your tax benefit it needs to be sustainable over time.
Daniel Grantz
Best markets for cash flow
3 February 2025 | 25 replies
To markets where you’ll gain long term tax free wealth.
Matthew Allen
Is This Sale Lease Back Strategy A Bad Idea
3 February 2025 | 5 replies
Now, this would obviously be negatively cash flowing since you would need to pay taxes and insurance.