Bill Bouillon
Tax Deductions for Non-Professional
1 March 2024 | 7 replies
I'm curious what experiences people have had taking tax deductions as a non-professional REI.
Wes Selman
Long Term Tenant- Homestead Exemption
3 March 2024 | 2 replies
However, it is important to consult with a legal professional or tax advisor to ensure that this arrangement is feasible and complies with all applicable laws and regulations.
Jordan Naeem
Free and Clear Multifamily partnership advice
5 March 2024 | 7 replies
We rent out our previous home and bring in $600 a month on it after mortgage, taxes, and insurance, but she doesn't see it as an investment property and so it has been hard to continue investing without her support.
Erick Ayapana
Background Checks for MTR - yay or nay?
3 March 2024 | 12 replies
Thanks for the tips.
Kevin G.
Aspiring host. Looking to buy my first property to AirBnB in San Diego by year end!
2 March 2024 | 32 replies
Thankfully, I have some family down there that does interior design that is open to helping me design the place too which will help me save some money.Any tips for a first time host and in this area?
Jonathan Garcia
Rent Collection And management system
5 March 2024 | 7 replies
You need reports for taxes: sum ALL rent collected for the prior year for your prop management s-corp 1099.
Alex Fenske
Bookkeeping when managing 3+ flips at a time?
4 March 2024 | 8 replies
The IRS says to keep records for your business tax deductions indicating:What you boughtWhen you bought itHow much you spentIt doesn't mention requiring paper receipts at all.
Drew Markert
Should I get a separate credit card for house hack?
3 March 2024 | 16 replies
I also did get a separate credit card to use just for house expenses.This makes it a whole lot easier, especially if you misplace a receipt when doing taxes.
Ran Fridman
What program do you use for accounting and expenses?
4 March 2024 | 18 replies
@Ran Fridman the main issue most owners run into early on is that whatever tool they are using for accounting isn't robust enough for tax time.
Hemal Adani
How to find all liens on a property at foreclosure auction?
3 March 2024 | 10 replies
I'm more concerned about other lender liens, not worried about water or tax bill. is there an online website that gives all liens guaranteed?