Danielle Bennett
Analyzing property with rent control
Hi BP community!I am looking to get some perspectives and suggestions for some shifts on our RE journey. I am not new to real estate generally, but new in some ways. I am a principal in a small family business that ow...
Diane G.
Been IRS audited upon sale of rental property??
Have anyone been picked for IRS audit upon sale of a rental property?How many years does IRS go back in terms of checking the reported expenses and income, and the accumulated gain/loss over the years? If you read t...
Ryan Johnston
Critique My Plan! - yet another student loan discussion
Hey everyone! Without boring you with numbers and a long story I'll just jump into things. I just graduated college and started working a salary job at a large general contractor in Chicago. I accumulated quite a bit ...
Jeff Rutland
SFH Portfolio: Do you use an accountant for filing taxes?
As I accumulate SFHs for passive income, I'm wondering if I need an accountant. I've always done my own taxes (including a single rental) using TurboTax. I'd love to hear folks thoughts on the pros/cons, especially ...
Andy Basler
Anyone combine business trips with personal trips?
Hello group,As I grow my business and become more in love with Rentals, I thought about looking at other markets in areas that I also like to visit. I assume I can count these trips as business trips if I have the pr...
May Zhou
Rental Property Loan: 15 years term or 30 years term?
We are considering to buy a townhouse to rent - diversifying assets is the primary reason. We are in Houston, TX.Now my husband and I have difference when it comes to loan term: if 15 years loan, we are about to brea...
Sean Shapoori
How to pay yourself as a single member of LLc
Hi everyone
I want to know how I pay myself as a organizer in single member LLC.
Thank you so much
Reid Isaki
1031 exchange selling property closing costs
I own 3 rental properties and am doing a1031 exchange on one. What closing costs can i deduct from this exchange? I want to keep accumulating carry over losses but am having trouble finding information about this.
ev...
Davido Davido
Neighborhood Cooperates to Rent Abandoned Home. Who Pays Taxes?
In this situation, $60,250 has been collected in rents over a 12-year period ($38,000 net), yet I cannot tell who, if anyone has a reporting or tax liability for the rents collected, or when their liability, if any, w...
David Newcomb
LLC taxed as a C corp?
Hey folks, I'm starting to get my feet wet in the rental business and have two properties which are up and running well. I plan to add 3-5 yearly from here out.
Me and a partner have formed an LLC and are deciding if...