In 2017 I because 100% owner of my LLC and had to file my properties on a Schedule E instead of a 1065. Then I found out by doing so it will prevent me from buying property in the future with a residential loan becau...
Hello BP community,I've come across a property that I'm looking to wholesale. I spoke with the seller last night and she is going to show me the home tomorrow morning. According to the seller the property suffered fir...
Hi Everyone,I wanted to garner interest in a virtual meetup in the next week or so once Austin has thawed. I jotted down a few thought starter topics below but happy to open it up to other areas if there is strong int...
Hi folks,
I purchased a 4-plex in January 2020 with the intention of renting one unit out as an airbnb and the other 3 as regular unfurnished long term rentals. I purchased all the furnishings to get the Airbnb unit ...
If you are a real estate professional and own several properties, do you do one schedule C for each property or do you aggregate them into one schedule C? Thank you.
Hey BP! A friend and I are trying to create a fool proof way to automate our Airbnb cleaning schedule. We currently create a google doc and right down the dates with time frames that we need the cleaners to clean, but...
Hello,I have recently started shopping for lenders to have a cash out refinance for a second home in the Catskills.
The home was bought roughly 10 years ago for $125k, we did about $60k worth of renovations and its c...
I am looking for some help to clarify the way that income reported on my taxes will affect my debt to income ratio? It is my goal to minimize my income as much as possible using legitimate expenses and depreciation e...
For TN. Bought a cabin last year at smoky. Received this form and asked me to sign and return. Never dealt with it before. Does any one know what this is for?
First time airbnb owner- I will be doing 30 day minimum rents primarily for Mayo medical patients in town for treatment. How do I avoid big gaps between renters? ie someone books June 1-28 then next one books July 15-...