Michael Hardler
HH Taxes: 1040 E or 1040 C?
Hello fellow househackers!
Two questions for the group in celebration of tax holiday cheer.
1. Does your tax preparer have you use a 1040 schedule E or 1040 Schedule C?
2. Which portion of the tax code do they ref...
David Simard
Tenant keeps calling when she sees a bug what should we do?
Hi, as the title mentions we got a new tenant and a month ago and she saw a Silverfish bug once and asked us to get an exterminator. We kindly replied that these bugs are harmless and that if she saw one it’s not that...
Yeshua Smith
Can you deduct real estate purchases from your taxable income?
Hi, I'm new to real estate investing. I was wondering if I form an LLC to use for making investments, could I deduct the purchase of real estate from my regular income? For instance, let's say I make $200,000 a year f...
Eric Williams
Disregarded Entity Qualification: Married Couple in Community Property State
Rev. Proc. 2002-69I found this guidance and thought I would provide a summary:It was issued to remove uncertainty surrounding treatment of an entity owned solely by a husband and wife in a community property state.Ess...
Joey B.
rehab sell reinvest profits?
Have a question I can't find an answer to. I just bought a house that I am planning to rehab and sell and hopefully profit enough to pay cash for another with those profits and then rent the second one. This is not...
Mark Mabanta
Differences between types of Flooring
Hey everyone,
Here is a breakdown of the different types of flooring. My hope is that this clears up some questions you may have on which material is best suited for your Flip or Buy & Hold, Feel free to connect ...
Ana Vasquez
Company Structure (Live in Texas)
I currently own 3 rentals, flip houses, and build houses. What kind of legal structure should I be registering the company? LLC? LLC Series? Corp?
Marcel Lorincz
Taking out HELOC on Prim. Residence to buy Inv. Property
Hello,I know there were similar questions already asked, but I would like to ask this specifically:1/ Can use HELOC from my primary residence to buy an investment property and be able to deduct HELOC interest as busin...
Brad V.
land trust to avoid capital gain?
Is there a way for a seller and I to set up a land trust to hold the properties I want to purchase from him and he be able to avoid his capital gain tax?
Bran Scott
Bought 2 4-plex Rentals in Las Vegas - Costing me tons in Repairs - Advice Needed
Hey - In March, I purchased 2 4-plexes in Las Vegas as an investment. I worked with a realtor, got advice, and got inspections. I live in CA, and am paying a local property management company to manage tenants and rep...