Becca F.
Do PALs from RE offset capital gains from stock dividends and another question
I have been doing my own taxes and have a large amount of Passive Activity Losses from my rentals, don't want to mention the specific number but it's a lot in the thousands. I'm a W2 employee, all long term rentals, n...
Jorge Lopez
Networking for Short Term Rentals (AirBnB) In Puerto Rico
Hello BP Community! My wife and I are finally ready to pull the trigger and execute on the business plan that we have developed which is based on applying the BRRRR strategy to short term vacation rentals (AirBnB) in...
Nick Mazzarese
house hacking under an LLC?
hello BP,I am preparing to purchase my first investment property which I plan on living In one of the units and renting out the others. Something along the lines of a duplex/tri-plex is what I am leaning towards. I ...
Dave Grosse
Deduct Personal Labor?
Is the cost of my own personal labor on property that I own a valid deduction?
I had a bid from a mold remediation for $4000 but opted to clean it all myself.
Thanks
Tyler Carpenter
LLC
I went onto my secretary of state website and looked at forming an LLC and it was $600. Is this about normal? Are there any sites you have had that you would recommend to be better or cheaper?
Shawn H.
Hiring kids & Roth IRA
I've read that a business owner can hire their children, then fund a Roth IRA for them since they have earned income. Are there any reasons this would be a bad idea?
Craig Garrow
D/B/A under LLC for 2 separate businesses?
I’m planning on setting up an LLC for my Property Management Business this coming year. My thought is to brand my real estate brokerage and management company separately, but have both business structures set up for t...
David Ward
New member, motivated after watching interview with Codie Sanchez
You guys really got me fired up to make a move with that episode. Codie speaking about buying existing "boring" businesses from people looking to retire really made a lot of sense to me. After searching through some...
Lucas Hammer
Another Travel Write-Off Question (Hopefully my last one)
Hey everyone, I've searched high and low for the answer to this, but I can't seem to find it. I have a couple of different scenarios and I just want to make sure that I understand how taxes work on both of these. I do...
Howard L.
Invalid Use Cases for Asset Based / Portfolio LOC's?
I'm new to the concept of asset based or portfolio LOC's. What are some invalid use cases? The sense I get is they're primarily for renovations & rehabs.Is it possible to draw funds via these kinds of LOC's to fun...