Lacey A.
Rent to Myself
20 January 2025 | 5 replies
Renting your primary home to yourself is not permitted by the IRS, as it does not create a legitimate landlord-tenant relationship.
Mark Beekman
Where can my LLC get a HELOC?
9 January 2025 | 15 replies
The smaller more nimble banks such as state chartered or regional banks are better able to service you.If the LLC that owns the property is part of a legitimate business, is profitable, then you stand a good chance of securing some kind of funding.
Alan Asriants
The realities of when you start acquiring more units - unexpected vacancy
14 January 2025 | 9 replies
In my experience that's not actually the case at least in legitimate evictions for non-payment of rent or breach of another part of the lease.
Anita Z.
Real Estate Investor Tax write-offs
10 January 2025 | 16 replies
In general, if you can tie an expense back to a legitimate business purpose its a write-off.
Jack Larkin
Lee Arnold's Capital Syndicate
21 January 2025 | 74 replies
Seems like you're just a marketer working on a contract basis (not that I'm defending the program or even saying it's legitimate).
Kristen Swan
Asking Tenants for further information after being approved. ( I'm the Tenant )
20 January 2025 | 1 reply
It was recently purchased in December 2024, which aligns with the timing she mentioned on the phone.However, despite all the communication being professional, I’ve had trouble finding additional information about their business online.I’m wondering if I’m being overly cautious, but I want to make sure everything is legitimate and avoid any potential scams.
Ricky Smith
Advanages of setting up a separately run management company?
13 January 2025 | 3 replies
It can help keep things straight, and it would look more legitimate to lenders, buyers, investors etc.
Kenny Bao
Advice on Off-Market Apartment Strategies
23 January 2025 | 8 replies
Things like a website, an email at your domain and credible social accounts (even small things like a profile pic and bio) can show you are a legitimate business.
AJ Ali
Lake House, event rentals blocked
31 December 2024 | 1 reply
Recently came across a lake house which we would like to rent out for weddings and event venues.
Bruce M.
Large RV or Boat - Tax incentives, Tax strategies
13 January 2025 | 7 replies
You can deduct legitimate business expenses, such as internet services (e.g., Starlink) and R&D equipment.