Just had a random question pop up into my head.
Given that the IRS requires depreciation to be taken each year, what if a person's only income is rental income, and the AGI, is below the standard deduction amount. Ca...
Hey BP!I was curious to know what are some of the strategies and struggles that you use and face when it comes to financing your properties? Whether it's hard money, private money or the traditional lending route; wha...
We are actively pursuing the purchase of our first STR with a plan to add more. We've been advised by our accountant that each should be purchased in the name of an LLC to protect our assets. The STR experts here advi...
Hi,I am planning on setting up 2 rental ADU on my property in Seattle, it’s a 1/2 Acre Lot so space is not a constraint, but I need some inputs on liability protection strategies anyone has implemented for a short ter...
I know there are pros and cons to selling my primary home to my LLC but my question really goes a little deeper than just tax benefits:I am curious to know if I sell my primary home to my LLC regardless of tax benefit...
I've been doing some REI in S. Louisiana for a few years and have a few rentals and done so assignment of lease options. I want to step up my REI activity and income and am seriously considering getting my real estat...
I'm a first time landlord with a SFH that needs rehab. I prefer not to overlook the rehab process myself, so I was thinking of just leaving and handing over the house to a PM I've met with. She'd get estimates, and wh...
I am managing our first property by myself for the first time. I am doing it "by the book" - Brandon Turner's book. Rent is $1500/month for this SFH. I have two applicants (single mom and a couple) who seemed grea...
I've been dealing with a realtor on a house i'm looking to wholesale. The seller is asking for $50,000 and is ready to sell. The agent is drawing up a contract for me to sign, of course i'm not going to sign until I h...
No Bias. My Goal is to hear your unfiltered thoughts and immediate reactions. Any and all comments would be greatly appreciated.Please see Image below:The above is the Turnover Management Process and is the Standard t...