Josh Koett
Analysis Tool & TurnKey Company numbers?
Hello BP Community, I'm considering buying a Turnkey property and have a question about inputing numbers into the "Rental Properties Calculator" here on BP. The information given by this company has the following...
Stuart M.
Pub 527 says don't include certain closing costs in basis?
In publication 527 it says:"The following are settlement fees and closing costs you can’t include in your basis in the property.
Fire insurance premiums.Rent or other charges relating to occupancy of the property b...
Joseph M.
Oakland may impose a new tax on landlords to fund homelessness
If this passes , I could see other cities getting the same idea . I have never heard of such a tax and it would set a bad precedent .
This Councilwoman says landlords are “raking in cash “ .. in Oakland where cap rat...
Jeff Klonowski
Co-Ownership + Short Term Rental
I'm currently exploring a new build construction as both a vacation home + short term rental. However, I'm looking at a scenario of co-ownership consisting of 4-8 investors. The idea is each investor gets a fractional...
Pat Foy
Looking for tax advice and accountant recommendations in WA
I have just set up my first real estate investing company in Washington state and among the many things I had to do to get going was registering with the State Department of Revenue. I got a letter back saying that I ...
Jonathan Newsome
2019-2020 Taxes on Wholesaling
I started wholesaling this year under an LLC. I've been setting aside a percentage of my wholesale checks specifically for tax purposes. I'm also a w-2 earner, being employed by the US Military, which makes me a part-...
Mary lou L.
Why everyone is cracking down on Airbnb
http://money.cnn.com/2016/06/22/technology/airbnb-...from the article"This week, Los Angeles started to take action against rent-controlled apartments that have been illegally converted into short-term rentals The cit...
Gulliver R.
Are Airbnb and VRBO host fees tax deductible?
Hi all,I've read that Airbnb and VRBO hosts fees are tax deductible. I've found out how I can look up the host fees I've paid last year on Airbnb, but does any one know how to find that out on VRBO?Other than cleaning...
Mariama R.
Are taxes to be included as an expense in analyses of cash flow?
Do you usually include property taxes as expenses in your cash flow analysis of a potential property if you are taking out a mortgage on the property and believe that you can count on depreciation?
Dan Ross
LLC or personal account for rental revenue?
Newbie landlord here, I’m renting my personal home and current primary while shopping for a new primary. I have an LLC I’ve never done anything with and could push the rental revenue through it or I could just run th...