Diana Dorantes
‘What’s in your garage’?
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...
Nathan Gesner
Have you ever used your umbrella insurance policy?
I’m curious to hear from private real estate investors who’ve faced unexpected insurance claims and were protected by an umbrella insurance policy.
We often see discussions whether investors should use an LLC or an u...
Peter Fokas
car - lease vs buy
Trying to assess whether we should buy a car or lease a car. Breakdown of our current situation:1. we have one car (only need one car)2. we drive less than 10,000 miles a year3. we use the car more than 50% for busin...
Phillip Austin
Auto Insurance tied to LLC and converting to Commercial
Good day BP Forum,I co-own a few rentals with my partner. We currently own auto insurance through other insurance parties that we own our properties through, we have found a provider that can consolidate everything an...
John T.
Rental property/ business expenses Qs
Hello BP,
We bought and rented our first investment property last year. It is in our personal name (no LLC) and we did our taxes for the first time. We were keeping track of our business expenses, particularly our ...
Joe Wood
Section 179 on passenger vehicle
Hey everyone,Stumbled across section 179 while looking for ways to increase my deductions. Anyone familiar with this? My wife and I bought a Ford Edge which is in our names, not the LLC. Will we be able to expense par...
Kevin Phu
Purchase Vehicle to Uber
So an idea crossed my mind and I've done a little thinking about it. Wanted to see what the community's opinion is on it and if they feel it could be a good idea.General Info on my situation:Primary vehicle: No paymen...
Mad Dendukuri
Purchasing Vehicle through LLC for managing properties
Hello:
Newbie investor here. I have two properties that I am self-managing and planning on adding one triplex next year - this one requires a rehab. I have been reading that for the purposes of managing/fixing the pr...
Mad Dendukuri
Purchasing Vehicle through LLC for managing properties
Hello:Newbie investor here. I have two properties that I am self-managing and planning on adding one triplex next year - this one requires a rehab. I have been reading that for the purposes of managing/fixing the prop...
Johnson Liv
4br Rental with large family tenants
I have a 4bdrm SFR rental thats an hour from my residence so I gave my contact info to the local neighbors if anything arises. I just got a text from that neighbor noting that some additional people have moved in and ...