Under the new legislation designed to help small businesses was a small add on that is now going to require landlords to issue 1099s to any contractor performing services like repairs over $600.
http://www.allbusines...
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I know many people direct mail property owners in the following categories; absentee property owners, behind on mortgage payments, probate, etc. What about text delinquent properties, people behind on their annual pr...
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Hello bigger pockets getting ready to do a 1031 exchange in corona California. First time ever for us we are selling a commercial building can use any tips or pointers. Also what kind of properties should we be looki...
I ask this question because there are real differences in what you are allowed to deduct, capitalize and report in these two situations.
Investors that are wholesaling and flipping are typically in the business of re...
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I have owned rentals for 4 years now. I never took the depreciation!!! If I go back and amend my tax returns for 2014, 2015, 2016 would that EXPOSE me more to an audit? I stand to get back an additional $2,000 per ye...
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Single family rental property was bought a few years ago for $42,000.In 2018, furnace and air conditioner were replaced at the same time. They were listed as separate line items.The air conditioner was about $2700. Th...
Hi all - I live in LA, but I have a condo in Seattle that I've been renting for a number of years (I have good equity in it but the rent only covers the remaining mortgage, HOA and property management) I'm thinking of...
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I know hiring a CPA or advisor is a good idea at any point, but at what point in an investor's progression does it become a necessity?I imagine it depends on focus, like LTR vs STR vs development... Curious to know yo...
Iraqi Octuplet Welfare Queen
The Media has been covering up the facts in the Nadya Suleman case. Her family are Iraqi immigrants on welfare. Her mother, Angela Suleman, filed for bankruptcy an...
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My husband and I purchased a vacation rental property four hours from where we live in January. It was gutted when we got it. Working with a contractor who rented it during the renovation, we got it remodeled, furni...