Tarcizio Goncalves
Capital Expense prior to a sale
Hi everyone,
I am selling a property that I own now for almost 6 years to 1031 into another property.
The buyer had an inspection and has requested for some cap ex repairs (new roof and new sewer pipe).
I'm deba...
Joe Au
Claim business expenses when filing tax
Do you have to have an LLC in order to claim real estate related business expenses? If not, how many deals do you have to do per year so that you are consider as running a real estate business?
Adam Craig
How to track Home Depot expenses?
Right now we have 5 rehabs going on and I have 4 business credit cards spread out between different contractors. They all purchase 90% of supplies through Home Depot. Rather then having them save every receipt - is t...
Jimmy H.
Using LLC to expense home office
I am wanting to set up a nice home office for potential real estate and/or other ventures (none right now except for my own home).
I have 1 small filing cabinet, a computer, and a desk. I am wanting to purchase a lar...
George Flevotomos
Share your expense reduction know-how
As real estate investors we are always on the lookout for opportunities to improve our NOI and increase asset value. At the same time, tenants are increasingly paying attention to the total cost of ownership, includin...
Andrey Y.
Expense/Finance/Net Worth tracking apps
Do you guys use any financing/expense/budget etc. tracking software for iOS or Droid? I have always been curious how much I spend per month/year and on what, but never got around to start tracking. Which app(s) do you...
Josh Calcanis
Expenses calculated in residential and commercial
BP,I've currently got two deals under my belt both performing close to my analysis. I've been fortunate so far and have only missed the mark are some repairs (HVAC was a fun one). So far I've been using Taxes, Insuran...
Andrew S.
Dryvit over Cinderblock? Good idea? Expensive?
I'm considering a property that is built with painted cinderblock. It was built in the 50-ies and there is little insulation (I doubt the blocks are filled with foam, etc). Some of the interior is drywalled but...
John Thedford
Central Air Repair Expenses Seem High!
Had a call stating a central air unit was not cooling. I don't have a specific company for this type of work. Was referred to a company and had them go out. Received a bill for almost $190. That seems like a LOT of mo...
Sue K.
Deducting travel expenses in property searches
What expenses are deductible when traveling out of town to look for investment property? What evidence must you provide IRS that it is a legitimate search for property?