Daniel Chen
Section 179 Question for rental business
4 January 2025 | 11 replies
This applies regardless of the type of deduction you choose to take for the vehicle.If section 179 doesn't work in your situation, there is bonus depreciation, which allows for a deduction of up to about $20k of the value of the vehicle for 2024.
Kyle Carter
Ohio Legal Considerations for Rentals
3 January 2025 | 2 replies
Once the tenant applies for the unit, you'll have to work with the tenant and Section 8 to get approval, which always includes an inspection of the unit.
Nick Am
Setting up a management S-corp for managing rental property owned by an LLC
23 January 2025 | 16 replies
The ordinary income tax on income passing through LLC-B applies on the income AFTER retirement contribution, home office deduction etc, which will make the income nearly zero and hence leaving only the SE taxes and NO income tax.
Jordan Kaylor
Use HELOC to buy, then refinance into mortgage?
8 January 2025 | 16 replies
So, you say will I want to take some cash out using the 200k value but most programs will require you to wait some period of time from 3 months up to 12 months for conventional before you can use that 200k value to pull cash out.This seasoning does NOT apply to delayed financing as I mentioned in my post above.
Rene Hosman
Have you ever offered rent concessions to entice potential renters?
17 January 2025 | 19 replies
They encourage deadbeats and liars to apply.
Robert A. Coloma
Anyone dealt with a company LOANGUYS?
20 January 2025 | 62 replies
They just live T get you to apply and paper appraisals.
Reyna Ayala
How many bank checking /saving accounts are needed as a first time landlord
8 January 2025 | 10 replies
When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.
Austin Tess
Questions about refi
29 December 2024 | 8 replies
I just bought my first investment property and I'm already looking out a year from now to start applying BRRR.
Olivia Blake
New Landlord - Tenant Refusing Payment Method
1 February 2025 | 21 replies
If the tenant's concern is that their credit score would take a short-term hit from the credit report, then I think it is a legit concern (if their credit is slightly less than what it would be when they're trying to apply for new rentals, for example).
Abhijit Roy choudhury
FINCEN requires Beneficial Ownership Information filing JANUARY 1, 2025
27 December 2024 | 4 replies
Quote from @Abhijit Roy choudhury: Financial Crime enforcement Network, requires reporting of Beneficial Ownership Information filing by 01/01/2025.Does this apply to us, Rental LLC owners.