Kyle Jenkins
Seeking advice on basic tax strategy
28 May 2018 | 4 replies
HOA fee - If HOA fees are not paid, business will incur fines, so it is necessary to make the profit in the business.8) Marketing expense and advertising9) Cleaning and maintenance10)Commission (Expenses like commission, abstract fees, recording fees to obtain your mortgage are not deductible but rather capitalized )11) Insurance12)Legal and other professional fees(Tax preparation for business, not personal part)13)Management fee if applicable14) Points- you generally cannot deduct the full amount the first year but have to deduct them over the term of the loan.15) Repairs (Note always do repairs rather than improvements to rental because repairs are deductible right away and do not have to depreciate over few years as done for improvements.
Joshua Enriquez
What are the pros/cons of investing in a coin car wash?
23 May 2018 | 4 replies
Drain Maintenance - Any time the truck or the bikes get super muddy they go to the coinop carwash for a rinse - I'd rather leave the muddy mess at the carwash instead of in front of my house - I imagine those drains have to be cleared out fairly often.Winter: Looks like you're in TX, so might not be as big of an issue for you, but during winter here in UT those hoses are constantly running to avoid freezing.
Nimster Win
$350,000 in hand and invest or buy existing Business
22 May 2018 | 3 replies
In your particular case, you have not outline what your professional background is like.
Kate McClinton
Second opinion from another CPA?
6 June 2018 | 11 replies
Even more so when your professional is not a specialist in your industry.There're some 20 tax professionals on this board, all real estate experts, and we continue to learn from each other.
Jonathan Allen
Pulling equity in LLC name, using for personal -- options?
22 May 2018 | 2 replies
First of all, I’m not a lawyer or a tax professional so you should really check with them.
Alex Stewart
Tenant Lawsuit. Need advice!
22 May 2018 | 3 replies
The cost of hiring a professional mover would be around $3,000 depending on family size.
Sean Rogers
Lawn care for duplex
23 May 2018 | 2 replies
I would rather pay a professional than answer phone calls about the other tenant not taking care of their portion and dealing with that.
Harrison Cook
totally new HVAC system or replace boiler?
26 May 2018 | 7 replies
You would also still have a fuse box, unless it has been replaced with a breaker panel.On the plumbing side, your main drain lines and stack are likely cast iron and would be 70-75% through their serviceable life.
Account Closed
Wanting to scale up in properties, but not sure how.
25 May 2018 | 6 replies
SFHs can be a real drain unless you are already financially well off.
Craig McNally
new member, southwest Virginia
31 August 2018 | 17 replies
The 3BR/2BA 1500sqft starter homes would be perfect investments b/c both young and old college educated professional families generally want to avoid apartment complexes in my experience.