Malieka Henry
Mid term Rentals
22 August 2024 | 29 replies
When I see things like "our research shows" it's a red flag for me that the information is theoretical which may or may not be helpful.
Gaurav Vedi
How to create LLC/Scorp structure for Rental properties
21 August 2024 | 7 replies
Each LLC can have a separate agreement, but the IRS will scrutinize this, so keep everything above board to avoid issues.Tax Implications: This arrangement could allow you to shift income and claim home office deductions, but it needs to be done carefully to avoid triggering any red flags with the IRS.Renting a Car to Your LLCs:Renting your car to your LLCs can also offer some tax benefits, such as shifting income and potentially deducting expenses like mileage and depreciation.
Chris Elliott
Hello BiggerPockets! New PRO here
19 August 2024 | 7 replies
(see the red circle below)
George Red
Rolling funds into next purchase, what cost basis?
18 August 2024 | 1 reply
Quote from @George Red: A hypothetical to see how people factor costs when rolling equity forward into additional purchases.For this example assume you purchased property “A” for 100k, and put 25% down. 2 years later you sell it for 125k so you now have 50k (25k from your initial down payment + 25k in equity).
Geremy Rosenberg
Should I back out of deal after inspection? Day 7 of 10 due diligence
19 August 2024 | 20 replies
@Geremy RosenbergLots of red flags but no deal breakers for me personally.
Renee Williams
Pace Morby’s Gator Lending - yay or nay?
19 August 2024 | 42 replies
Some days I know how Red feels...
Jonathan Joyce
Payoff HELOAN used to buy rentals?
19 August 2024 | 7 replies
The rental income minus the mortgages has me in the red around $450 a month.
David To
anyone have success in buying a property for AirBnb in Panama City, Panama?
17 August 2024 | 17 replies
Too many red tape bureaucracies, local staff challenges, building management issues.
Anna Cherubini
First out of state investment property- Mansfield, Ohio
17 August 2024 | 7 replies
Red state.