Joseph Bramante
What is stopping you from investing in multifamily?
30 September 2017 | 187 replies
It is easier for quarterly so you may see that more often as an investor.My comment: Investors love monthly distributions and in coincides well w/our monthly quick update on the projects progress.
Benjamin West
AirBnB Stay Tax Deductible?
17 January 2018 | 4 replies
For example, if, in an 18 hour waking period, you spend 2 hours snooping through the AirBNB, writing down the makes and models of appliances, figuring out the distribution of the mini shampoos and inventorying how many cooking supplies your hosts are providing and the thread count of the sheets, then an auditor might allow you to take 10% of your total trip expenses as a deduction.If, however, in an 18 hour waking period, you spend 6-8 hours per day interviewing Hosts, researching which properties would make good AirBNBs, researching the local laws, touring properties, meeting with an agent and vigorously pursuing your next acquisition, you'd have a MUCH better case for writing off your travel expenses (but probably not your lift tickets and equipment rental).If, on the other hand, you are traveling and on vacation and just hang out in your AirBNB without actually performing any activities, then the odds that an auditor will allow any deduction at all is pretty minimal.In any audit, it would be up to you to document the business purpose of your trip.
Rick Howell
Private Money Lending Will Generate Excellent Passive Income
24 October 2018 | 0 replies
A private lender can charge higher interest rates than the bank and thus increase the income derived Understanding that there is no guarantee in the real estate industry, and there are risks, a private lender can receive a return on investment of as much as 10%.
Travis Weitthoff
Private Money Flip Question
25 October 2018 | 4 replies
For buy and hold deals, the distributions are sent either monthly or quarterly.
Michael Plaks
Refinanced interest - is it tax-deductible?
28 October 2018 | 10 replies
The interest is income to bank, and it should be deductible somewhere.The cash that is taken out as equity refi will make the investor whole, just as distribution or return of capital.
David Clark Roper Jr.
Our small start to something BIG!
4 March 2021 | 3 replies
Amazon is also building a new distribution center 10 minutes away that we hope will bring a boost to the economy, so we want to wait and see with this one.
R Rani
Houston CPA Recommendations needed
28 October 2018 | 4 replies
Hello, I have a couple of rentals, LLC and w2 and distributions from LLCs.
Dustin Woodley
Tricks of the trade... What is yours?
11 January 2020 | 81 replies
For those units we need to distribute the utility fee prior to the rent being due (we distribute it via text).
Nick Kellar
Rental depreciation and deductions - getting started
28 October 2018 | 5 replies
I would like to have a clear picture of my taxable income before the end of the year as I would like to pull as much out of IRA's and place into Roth's now to reduce the impacts of minimum distributions on the IRA's at age 70 (6 years from now).So the rental income and depreciation is important to approximating taxable income.
Daniel Read
Candy Capitalism: A Father's Wish
1 November 2018 | 1 reply
You don't use Halloween as an object lesson to teach your kids the same principles on wealth distribution and profit?