Molly Morlino
Emotional support animal pit bull in Texas
We built our rentals on land in Kyle, TX that belongs to my parents - they have other rental homes on it as well - and my parents do not allow pit bulls or pit bull mixes on the property. It's just such a risk. I l...
Bruce Weyer
Tax benefits for owning rental property
Just curious as to exactly how owning a rental property can lower my AGI (adjusted gross income)? I have heard that I can take the following:depreciation, but doesn't this just lower my net income for the property? wh...
Ellie Ryan
Hello from Boston! (new-b speaking)
Hey guys! I’m currently living in Boston, in my mid-twenties, and am looking to get started in real estate investing. I have zero real estate experience (have worked in advertising since graduating college) and am loo...
James Palin
Hello everyone from Dallas Texas
My name is James Palin from Dallas Texas and I looking to connect with virtual BP users as well real estate investors in the Dallas/Fort Worth area. My real estate interests include wholesaling and rehabbing. I am i...
Jonathan Harms
Providing Receipt for Rent Paid
What are your thoughts on giving tenants a receipt each month after their rent check clears?
I have been doing this and using it as a communication tool and also to perhaps create goodwill with the tenants.
On the o...
Francis A.
Owning a Home in U.S. Has Fewer Tax Benefits Than You Think
http://www.bloomberg.com/news/articles/2016-04-14/...A case for (among others), multi family and/or cash flowing properties/rentals in the face of dwindling tax benefits? The beat continues...
Michael W.
Newbie Starting an LLC in Oreon
Hi, I am starting an LLC here in Oregon because the outfit I will get my first financing from will only loan to an entity. I plan to file a simple LLC, I've seen the articles of organization form, its pretty simple...
AL-Teef Jones
Upgrade to Pro Membership
Hello BP members! Good morning, good afternoon and/or good evening to you w/e you are. My name is AL-Teef Jones “AJ.” I’ve been a BP member for a while, and I finally made the upgrade to PRO thus I wanted to re-introd...
Chris Hock
Combine rental biz with a non-rental (non-passive) biz for tax?
Say I'm a freelance consultant in a non-RE related industry where I bring in a lot of income but have very little tax deductions. Say I also have a rental property that is generating low income but it has a lot of tax...
Account Closed
business type
Alternative to the LLC with scorp electionI see 3 downsides to running with the LLC with scorp election.1 Separate tax return for each LLC and yourself.2 Unemployment tax on your income- although limited to $8,5003 Am...