How many of you keep an operating budget for your rentals? As crazy as it sounds, I just realized I don’t often consciously budget future expenses. I often do look backs to see what my actual expenses are and keep in ...
So most people seem to recommend an S corp for flips (and new construction specs), and an LLC for long term holds. I've adopted this tax strategy, and my LLC has now purchased an office building. The building has...
Hey All,I have reached to my accountant about this but thought I would ask here to see if anyone has done something similar.An LLC of which I am the manager, and my SDIRA is the only member, is in the process of acqu...
Over the past 2 years I've been actively purchasing rental property. I've have now acquired 14 properties with a total of 25 units and plan to keep going! This year I've also started to rehab and flip properties. I'm ...
My husband was able to retire fairly young from a government job. He has a 401k, but he is retired. We were thinking about taking a loan from that to put a down payment on investment real estate, but he said that he t...
Let's say I want to take a vacation to San Diego (or wherever), but I also intend on looking for cashflow properties and meeting with agents, mortgage brokers, property managers and other RE professionals.
How much o...
For tax filing, where would expenses associated with a wraparound mortgage be reported? On Schedule A? Some examples would be interest paid to the underlying lender, note processing fees etc.
Thanks,
Angie
I'm trying to utilize the equity I've built up in my rental to buy a few more properties. I'm currently not on the mortgage, but I'm on the title. If i refinance in my dad's name can I use the cash out to purchase/fin...
Quick question to those who know the answer. I have heard many different responses, so id like to see what everyone thinks.
I have spent roughly 22k this year on real estate related expenses. 15k on 2 credit cards fo...
Hi all:
I’m looking to find out more about tax yields? Are they legitimate and worth investing about $100 to get information about the systems? Or could I do much of the work in creating a system that works for me o...