I have always been curious how how significant my tax benefits can be from the purchase of real estate. So a little background info on me so you understand why I ask the question.... I am a current multi-unit restaura...
Hello, I want to know do I need to create 1099 forms for every contractor I use when rehabbing a property or having repairs done on one of my Apartment complexes?I am referring to the following?The Large company who i...
Hello all.Haven't really seen anything written lately about Syracuse, so I wanted to start a check-in discussion. Are sellers still holding onto their criteria as things were 6 months ago (i.e. insisting on as-is sale...
I'm a newbie investor and heard a rehab gal Robyn Thompson vehemently state one time that she would never buy materials for her renovations because it would open her up to being considered as a GC/employer if ever sue...
Hi BPer,For those with self directed IRA experience, can you explain what is the UDFI (Unrelated Debt Financed Income Tax) impact on real estate investment using self directed IRA?Thanks,-Chan-
Good morning all, I listened to episode 442 of the podcast a couple of weeks ago in which Bryce Stewart brought up the importance of workers comp waiver forms. I own properties in New York state and Oregon and I hire ...
I've got someone I think will make a pretty good overall "handyman" for the inevitable loose door knob, leaky sink, broken fence, loose step etc.
My question is this:
What is the simplest way to legally pay this pers...
Hello everyone I am new to BP and want to connect with an investor(s) in the Morris County area who would like to discuss how we can work together. I was in a completely different field before this and saved some good...
I’m a W-2 employee in a high income tax state. I have rehabbed a rental property out of state, and am renting it out to long-term tenants. I was wondering if there are any deductions that I can take against my W-2 inc...
I posted this under "innovative strategies" although it could be something that everyone is already doing; I'm just new to REI and I wanted to run this idea by some professionals so that I can continue to learn!Has an...