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I was having a discussion with a colleague the other day who is a land lord. There is a vacant property that I was thinking about purchasing to rent out myself. The property has been vacant for over a year.
A...
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After 20+ years in real estate partnerships, here's what actually puts you on the IRS radar (and what doesn't):
REAL Red Flags That Matter:
The Partner Complaint Trigger
Disgruntled partner files Form 8082K-1 dispu...
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I had changed accountants between 2013 and 2014. The new accountant is insisting that I need to file a schedule C instead of a schedule E. In my opinion, I thought that continuing to use a schedule E would be the way ...
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Hello,when I make the cashflow spreadsheet of almost any house (SFH, MF) around here (San Diego, California) I cannot manage to deduct enough taxes to cover rent. Am I doing something wrong?Most of the properties here...
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Im in the process of getting a duplex under contract. The home owner and I agreed on a price of 25,000. But he says he wants his money in 3 separate checks (9k, 9k, 7k). He says he wants it this way, so he's not audit...
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Hello everyone, i just signed up to Bigger Pockets tonight after about reviewing the sites content for about a month. Best site I have come across to date. With this said, I am fairly new to RE investing, I boug...
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So first 4 family property owner here. I purchased last month and just got my first electric and gas bill. Let's just say wallet shock doesnt cover it. To break down the tldr, apparently I used 23.59 in gas last month...
I've been contemplating how I can best partner with my SDIRA Checkbook LLC so that we both benefit. I understand that I cannot simply straight borrow from it, even if the terms are on par with the market. However, can...
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Hi, I wonder what can be done so Zillow does not disclose price that the house have been sold for. I think it hurts flipping business. The property is in Illinois.
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Hi All,I bought a SHR in Philly from a rehabber a few months back for 70,000$. After PITI, PM fee, capex & vacancy reserve, it cash flows around $300 monthly. The property before the rehab was very likely a forecl...