Daniel Chen
Section 179 Question for rental business
4 January 2025 | 11 replies
I use a schedule E and do not have an LLC or business name, so can I purchase the vehicle under my personal name and take section 179?
Vidit Maini
Starting my small business
2 January 2025 | 14 replies
I would not buy a new vehicle just to get a write off - Only if you planned to get a new car anyway(I.E. if your old car is worn out).A lot of people are focused on deducitons but not focused on the income coming in / out.Best of luck!
Julio Gonzalez
5 Tips to Kickoff 2025 Successfully
7 January 2025 | 0 replies
Maybe you are needing a new vehicle for your real estate business - they can help ensure this vehicle is on the list that qualifies.
Jeff G.
What are some warning signs that an area is slipping from C class to D class?
7 January 2025 | 19 replies
Unkempt lawns, trashy or broken down vehicles, mattresses and trash on empty lots, boarded up houses, bars on windows, dealers and hookers on the corners, the lack of stores or gas stations, occupied properties are dilapidated, etc.Or when Google maps shows stuff like this:
Alicia Howard
RV Depreciation for 2024 taxes
14 January 2025 | 4 replies
To throw a wrench into things, if we were talking about real property/structures that were being short term rented, it's possible/likely that your depreciation period would be 39 years, not 27.5.However, a vehicle - which is what an RV is, regardless of how you're using it - is 5 year property.
Kristian Kotov
New Asset Class - The Roomshare Condo
13 January 2025 | 2 replies
This means that someone who makes $43,000/year would now eligible to buy this room condo, and have access to a vehicle through which to build equity in an asset as an alternative to paying rent.
Godsheritage Adeoye
How to takeover Subject to loan
3 January 2025 | 7 replies
The closest analogy I can make here is when someone "takes over payments" on a vehicle.
Jimmy Rojas
How to show proof of income with 1099 form
6 January 2025 | 4 replies
Pay your vehicle loan, credit cards, etc because in 12 months all of the accounts you pay out of a business checking account will be omitted from your DTI in the future.
Heather Bailey
Insuring your House Hack
13 January 2025 | 6 replies
You have to be up front about how the property is being used.Also, remember that umbrella insurance will not do anything for you if the underlying property or vehicle is not insured correctly.
Joe S.
BOI injunction reinstated again today??
8 January 2025 | 9 replies
This reminds me of a police officer pulling somebody over without reasonable cause and asking to search their vehicle and if the person does not consent, they’re saying you must have something to hide.