Kera Covani
Coin Laundry Business - Is it passive income?
I have recently sought interest in another possible income stream, the Coin Laudry business. I have found a couple in my area and am starting to analyze to determine if this would actually be a profitable and passive ...
Janet Behm
Last, Last Minute Tax Actions
1) Buy Supplies in Advance (to increase expenses and offset income)
How much disposable equipment do you expect to use in 2021? Order it now so the cost is deductible in 2020 if you need to offset income. Buy what yo...
Alex Hively
Buying/Renting out my parents house?
Hello, One and All. Here goes my idea or should I say my biggest opportunity to get into the real estate/ landlord business.My parents are moving to a condo where they can retire. That leaves the house, which is all p...
Jason Rogers
Help!! Flip Accounting
BP Community I need some help. First off I understand that you are not a tax professional (and even if you are you are not giving me professional advice). I plan to speak with my tax advisor on Monday but I need to cl...
Jeremy B.
Logistics and Structure of Multiple Non-serial LLCs for Rentals
I know that the topic of LLCs for rental properties has been discussed ad nauseam on this forum, and I appreciate the depth of knowledge that is available through the website. I have some very specific questions that ...
Brandon Phillips
WHAT CAN I WRITE OFF???
Hello BP community,
Can I write signing up for BP PRO off on my taxes as a business expense? Or anything else like lawyer fees, DM marketing campaigns etc?
Thanks for the feedback!
Mike Wallace
Furnace and Central Air install....is this a good price?
1,000sqft house. Got quoted $3,950 for a 95% high efficiency 60,000BTU furnace/ 2.5 ton AC unit with condenser/coil everything installed.Good deal?
Aaron Liu
Modern Kitchen Must Haves
Kitchen is a place that must have all the necessary equipments that makes your day to day life easy. It is the place where you spend the weekend time and after office times and it must be decorated and made in a very ...
Marty N.
Year End Tax Strategies
Hello everyone, I have one single family home as a rental property that I purchased in March 2015. It cash flows on a monthly basis pretty well and I was just wondering what I can do to maximize deductions on my 2015...
George Flevotomos
Share your expense reduction know-how
As real estate investors we are always on the lookout for opportunities to improve our NOI and increase asset value. At the same time, tenants are increasingly paying attention to the total cost of ownership, includin...