We inherited a long-time tenant at our quadplex, which we purchased last year.  At the time this tenant was our paid groundskeeper and ran a lawn business of his own.  He pays for an extra garage stall and thus is all...

Does anyone know for tax reasons only is it better finance or lease a vehicle? I once heard leases are 100% write off can anyone confirm this, or is there any benefits to financing?Also does it matter what kind of veh...

I recently purchased a piece of vacant land property with junk/vehicle sitting on there.Can I consider this my belonging since nobody has come to claim it since the last owners for several months? I’ve got an RV (mess...

Hello everyone. We are in the process of developing a few commercial acres. We have two buildings going up that will be offered for sale or lease. This is not our main business. If we were to find a buyer for the prop...

I am looking to get a vehicle dedicated to my rental business. In exploring the section 179 option for a 6,000lb vehicle, this would be what I need in a pickup. What is the reasoning behind people waiting until Dec to...

I'm back again with another tax question for the CPAs here. I'm under contract for a 4 plex for $320K. I don't have the 20% downpayment, so the bank is financing me a $100K commercial line of credit against a rental t...

Ok, so definitely not looking for legal advice here....But...I know someone who has sold a business in Puerto Rico (7-figure sale) and is looking to move that money to the United States permanently. What would be the ...

Do you purchase used or new, and cash or finance? Which vehicles do you have that you find the most reliable?

I need/want a pickup truck and was wondering if I would be able to write it off as an expense for the rental property. I own a 2 family and would use it mostly for work around the house. I would like to mention I li...

My husband and I recently met a couple who were rehabbing a rental and noticed that they were driving a very nice luxurious  SUV, now we learned they have had rentals for 40 years and were ready to begin to sell off s...