First time investors here! In preparation for applying for loans and financing, I am trying to work through how to best apply my tax refund to work for me. Basically I have narrowed down to, pay down our only vehicle ...
Hey everyone. I will be needing to purchase a truck in the next weekend or two and plan on purchasing it and using bonus depreciation to offset my income. The vehicle will not be over 6,000 lbs (likely a Toyota Taco...
I got an interesting phone call from an elderly client yesterday. 87 year old woman who regularly goes to the hairdresser every 2 weeks.Hairdresser is located in a shopping center that's next door to a Mercedes dealer...
I have a tenant who has had a car backed into their spot for about 3 weeks. The car isn't on the lease or application, it hasn't moved in 3 weeks, and I don't know if it is licensed or not. How does a landlord go...
I just bought a cargo van that will be used only for my rental properties. I know there are two ways to expense the costs; either direct expenses or mileage. Which method do all of you use and why?Also, I want to ma...
Hello Hello ! Going for a business vehicle purchase and wondering: if the cost of vehicle is more than business ( property rental ) income in the tax year, can it be split in two consecutive years ?for example : Rent...
We have been renting for a couple of years and never had a problem but had to got to court to get a renter out last week....she was ordered to be out by midnight Sunday and today we found that she left a car in the ga...
I contemplated on posting this article but decided to do it, since it's valuable information. These are some things a lot of us don't want to think about but should consider because you never know...Here's the article...
I'm just trying to think outside the box here. Please note I have virtually no knowledge regarding mobile home sales. From what I've read Dodd Frank has pretty much put an end to rent to own and lease to own options...
Hello BP forum and thanks in advance for your expertise and insight into our question.We have 2 rental properties, one of which is undergoing renovations with my wife as the project manager. We spend about 20 hrs/week...