Toby Russell
I want to start out on the right foot
I'm in the process of purchasing a condo for rental. But down the line I want to purchase several. For tax purposes is it required to have an LLC or similar to right off business expenses or can your average citizen...
Austin Springer
Renting what was my primary residence
I have a two questions. We're going to rent the home we currently live, in starting in June.- How long can I rent it before having to pay capital gains. I don't now that I want to use a 1031. Not sure I want a differe...
Karen Powell
College rental house: rehab now or later?
We purchased a home in Charlotte for our daughter and her roommates. She will graduate in three years, so we expect to own the home for at least that long. The kitchen and bathrooms are okay, but need renovating befor...
Drew S.
Cash Flow Analysis & Modeling
Hello BiggerPockets Community,First time poster here. My wife and I are in the process of acquiring our first rental property with the intention of using the 'Buy and Hold' strategy. My background is in financial an...
Stephen Coady
LLC for Tax purposes on Rental property.
Any help is appreciated. I have just put in an offer on my first townhouse in Birmingham, AL.In the event that it moves forward, I was hoping to get some advice on how to bank my rehab expenses and income. I already...
Timothy Smith
Location of LLC for turnkey rental properties
Hello BP Community,I’m preparing to purchase an out of state turnkey rental property. I realize the merits of this strategy has potential to spark a lively debate on this forum but that is not the focus of this post....
Albert Yamoah
"Subject To" financing
So Big Phill and Shenoah Grove are coming through Dallas, TX this evening. I went to their last guru session (which was veiled in the cloak of a REIA meeting). Not only was the session full of misinformation, but when...
Brandon Morgan
storage unit investing? starting out?
does anyone have any experience with investing in self storage? I am new to investing in real estate but I am open to new forms of investing. I recently started looking into self storage. Anyone have any advice on thi...
Cheryl Burd
LLC vs Living Trust
Hello BP Community, can anyone provide insight on the practicality of using a living trust to hold rental properties vs an LLC for asset protection? Thanks, Cheryl Burd
Steve Dunford
Should I work with a CPA for short term and long term rentals?
Should I work with a CPA for short term and long term rentals? I am currently managing both myself and feel I am missing out on tax advantages or throwing money away. Does a good CPA help someone with single family re...