Ryan C.
Renting to your own LLC
I’m wondering if I’m allowed to purchase a commercial warehouse with my LLC, rent it to my other LLC for $XX/month to increase my NOI and increasing the property value, and then doing a refi on the property to buy ano...
Liz Caskey
Advice for transforming our high-end primary residence to a STR (abroad)
Hello everyone!
We moved to the US in 2021 from Santiago, Chile (I am American and lived abroad 22+ years and my husband is Chilean, now with US residency along with our kids). We are currently rent in Napa, CA and h...
Aimee Haasteaby
Purchasing commercial property without good P&Ls
Hi all,My husband and I are interested in buying a resort for sale in TX but the owners won't share the financials because they didn't keep good records. The agent says it's not a cash-flowing property but has huge po...
Chris Sullens
Are all costs prior to placing a tenant considered purchase cost?
So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...
Brian May
Capital Gains for DIY Flipper
I am looking to do my first flip and trying to get a sense for how best to realize my expenses for capital gains as a DIY flipper. As a DIY flipper my labor/install expenses are significantly less than a flipper that...
N/A N/A
Buy/Flip from other investors?
Hi. Brand new here. In my area (Baltimore) I see a ton of homes purchased, fixed up, and put on the market for fair value.
However, these homes are on the market for 4+ months, and the seller
is "Motivated", "must sel...
Tom Anderson
Help with form 1065 schedule L
Started LLC in Nov 222 member unrelated LLC deposited 24k into business bank account and 12/1/22 bought first property and year end balance is $2402 ( all expense were downpayment which included closing costs and ban...
Kin Lay
Game: Lower taxable income through real estate investing?
Hi everyone, I am interested in tax planning strategy to lower my W2 tax liability and create investment opportunity through the use of creative tax strategy. Can someone offer me some suggestions?We can work with the...
Justin R.
Who has moved from QBO to Rentastic (or other RE based software)
Ive been using QBO for 8 years and it has been O.K. at best. I have a decent size RE portfolio, and use professional property management. I don't need a property management based software. I know how to use the basic...
Ryan Franklin
Limited Liability Corps for properties
Curious: How many properties do you typically hold under a single LLC? All of them? 5? Only 1??? What is your reasoning?