Alberto Vargas
LLC bank account management
What are some of the best practices in managing the LLC bank account with regards keeping it compliant with rules of separation from personal use (example: can ransfers be made from personal acct to LLC for certain pa...
Sehun Kook
What utilities do you cover/pay for your tenants ?
Hi, all
I searched but only found threads in the other states/cities/markets, and the answers to my questions appear to really vary a lot from state to state.
I would like to specifically know in DFW what the owners...
David M.
Help me brainstorm on where to put these expenses?
I started this business around 5 years ago and 2 years ago brought in an unsalaried partner. My partner Kevin has an equity stake in all of my businesses now:Biz #1, he has 15%. This company has around 15 rental prope...
Ricardo Diaz
gross operating expense ??
hello my name is ricardo . I'm a new person to this site and investing but I am looking to enter it.
ok I am looking at a property and I got the mls from the agent and I'm looking at a part where I do not know what i...
Melissa Harris
Would YOU consider this a great buy and hold deal????
I hope that someone can help me :) I am Realtor here in Colorado but I am slowly trying to turn myself into a real estate investor and start "house hacking". I am in a unique situation, as I bought a 2,700 square foo...
Joe Johnson
Commercial Loan Qualification Issue and Tax Returns
Do you have to report all maintenance expenses on a duplex or apartment building on your tax return? I understand I would pay more taxes if I did not report all the expenses. However, my DTI looks better for qualify...
Bryan Young
Prove my system wrong!
Looking to have some negatives with my buying, holding System brought up that I might have missed.
I am currently buying single family homes in metro Detroit for under $50,000 in good but low income areas. I am sta...
Kevin D.
Schedule E
If my single-member LLC bought a property in 2014, but was not placed up for rental until 2015; so there is no income or expenses (other than capitalized expenses). Do I need to add the property on my Schedule E? It...
Allan A Ramirez
Calculating Expenses For Rental Properties
Hello, I have a question about when expenses are paid by the investor and when expenses are paid by the tenants. Expenses such as water, sewer, garbage, gas, electricity, lawn care, etc. What governs over who is respo...
Muks M.
Cash Payment to Contractor
I will be signing a contract with contractor tomorrow for home repairs prior to renting (hoping I can find tenant by Feb 1). Couple of questions:1. Is paying by cash a good idea for ~$2000 repairs as the contractor is...