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Results (10,000+)
Joe Schultz Any tax deduction for new vehicle, my situation?
27 October 2022 | 2 replies
My income is mostly from rental property (single family) but I still do some residential construction (mostly remodeling).my pickup (07 Tundra has a transmission issue - for now just a check engine light) will need replaced within a year or maybe two. 1) Construction Co.Would make the most sense for a serious deduction but since I've focused more on rental property my construction company doesn't gross enough to make the purchase of a new vehicle a viable one, probably get audited and then not sure what they would do.2) Rental property wouldn't make sense either because it would be an administrative nightmare ( CPA says) to divide every expense up per each home.If I change to having them all owned by a single LLC then if someone won a lawsuit against me, I could lose it all.Deductions for now since I use my truck for Construction, Rentals & Personal is based on  mileage or I just get the standard mileage deduction (7k).Just trying to be wise before I just do something.Any thoughts on this would be appreciated.Thank you, Joe
Italia Coleman Property management software
29 August 2017 | 5 replies
I also recommend getting a mileage tracker so you can deduct vehicle expenses (there are many phone apps available).
Eric W. Investor Poll: How long is too long for your property to sit Vacant?
25 January 2014 | 21 replies
That's great and you have to work with what you've got, but make it a point to get that thing sold, whether it be contract or another vehicle, if its 30+ days between tenants.
Lee Hughes Do I need insurance when doing a flip
12 December 2023 | 6 replies
Hi Hannah,Yes, that company is still going strong and I even use them for our vehicles.
Tim Czarkowski Car left in garage of property bought at auction
24 November 2018 | 22 replies
Unfortunately, vehicles are personal property, and what you have is abandoned personal property.
David Dyer House Hacking in Chicago
24 February 2016 | 15 replies
I haven't done enough research to find all of the legal and insurance ramifications of these 4-plexes with owner units but they sound like a great house hack vehicle worth looking into.  
Dax Nollenberger Understanding ADUs and JADUs in Santa Cruz County: A Comprehensive Guide
22 November 2023 | 0 replies
NO additional parking for an ADU shall be required if the ADU is located within one half-mile walking distance of any public transit stop, within a designated historic district, or within one block of a dedicated parking space reserved for publicly available car share vehicles.
Alberto Lorenzo Advice Needed 1st time buyer
15 September 2023 | 22 replies
@Salim KoromaI purchased a nice water view home, pool, garage 10,660 lot 1650 inside sq ftBest view of the water in the block4 bed 2 baths for 480kgot appraised for 16k over purchase pricethey flipped next door - the neighbors - for 505k with 2 bed 2 baths 350 sq ft lessLooking to find another good deal in the upcoming months or yearDuplex is tough I need plenty of space to store company vehicles and equipment so this is what made sense for me at the time being 
Damon Whitten Best Method to Finance First Rental Property from Retirement Accounts
16 December 2023 | 4 replies
I've taken some steps to use a ROBS rollover (C Corp. formation)  but now am unsure if that is the best vehicle for our first property with the intent to build our portfolio.Is there a best resource to use to make sure we make the best choice to finance the purchase?
Account Closed Texas Lease Options: Deciphering the Legal Jargon
26 June 2017 | 26 replies
What type of contract -- this is exactly what I want to do but I'm not sure which legal vehicle would let me do it properly.