Erick Garske
Single Member LLC Schedule E 2013 Schedule C 2014
16 April 2017 | 24 replies
No - Once losses are on Schedule C, it follows the same rule as regular business losses - pretty much unlimited against your other earned income and also subject to Net Operating Loss rules.
David Battle
Probate Leads
24 October 2015 | 26 replies
It seems to me unless someone is physically going there on a regular basis there's really know other way to get this data.
Andrew S.
Cats, cats, cats galore... what to do about it?
4 October 2014 | 14 replies
Paws should be washed and dried as soon as the animal comes in from the snow.
Bao Nguyen
Financial independence from passive rental income: how long does it take?
16 January 2017 | 143 replies
Tax benefits go to the landlord with depreciation, the flipper has regular income.
Ping W.
rekey after tenant change
15 October 2018 | 12 replies
See link for reason why: http://www.biggerpockets.com/forums/52/topics/6804...I just use the regular Kwikset locks, and you only need to switch out the part that has the key cylinder.
Billy Raz
Texas: Net Income Taxes from Single Family Rentals
25 July 2014 | 7 replies
My understanding is that an LLC and an S Corp basically have the same tax rules in that their income flow down to the individual and they pay taxes on that income as if it were regular earned income (based on whatever tax bracket that individual/couple falls under).So, when you ask if the IRS would want to get taxes from you on the $1,000 of rental income, the answer would be absolutely yes.
Dion DePaoli
Wrapping a FHA Mortgage
17 March 2016 | 38 replies
It is no more difficult than a regular closing to assume an FHA loan.
Jennifer Fernéz
Want to buy a 5 unit property for $12,000
24 March 2016 | 43 replies
Still have cousins in Shillington and Laureldale so I get up there pretty regularly.
Jay M.
Anyone out there have experience with ABC Capital Investments in Philadelphia, PA for turnkey properties?
30 November 2022 | 181 replies
Thankfully I had invested with them through the Maverick Investor Group, so my terms were a little different than what I see for their regular customers and I didn't lose any money as a result.
Franky Juwana
School me on Mortgage Lending
28 May 2016 | 5 replies
Chris Mason so can I do that with regular conventional loan?