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26 May 2024 | 8 replies
A full rental P&L such as seen on Schedule E?
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31 May 2024 | 149 replies
The first 699 E Gold Dust, San Tan Valley AZ comps around 375K and I purchased for 393K so I'm lost about 18K equity by purchasing.
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28 May 2024 | 68 replies
Once again she e-maild me back this...
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26 May 2024 | 14 replies
Letting go of that slice of control is hard but once you do it's quite freeing which is hard to put a price on in my opinion.You must have read e-myth by Michael Gerber!
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31 May 2024 | 111 replies
Thanks So I did put my CPA and attorney together to create this structure.Everything rolls up under my personal tax return and there is a schedule E for every property.
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24 May 2024 | 6 replies
If it is on one tax lot, it would be recorded as one property on your schedule E.
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24 May 2024 | 9 replies
You’re likely going to be on the hook for S/E income on it once be depreciation and losses have been exhausted, so, just be cognizant of the overall picture!
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23 May 2024 | 9 replies
Unless you're filing the tax returns yourself (not possible to e-file a partnership return if not a preparer), then the cost is usually a large barrier for a lot of people as they're starting out.
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23 May 2024 | 11 replies
However, currently here in CA, PG&E is getting extremely expensive, that is why do not include electric/gas in their rent.
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22 May 2024 | 5 replies
To keep the home loan people from getting confused, you will want to NOT report the rental income/expenses on your personal tax returns Schedule E, instead have the LLC do an S-Corp election, and report the income/expenses there (after confirming the truthiness of all this with your tax professional, of course).