I am planning to purchase my Personal Residence in California under single member LLC and rent it to my self. Since I can not deduct my local tax from my tax return more then $10,000/ year. Any recommendation?

Hi, I am a Canadian looking to start investing in buy and holds (small multis, 2-4 units) in Ohio in the next 6-12 months. I've heard about the main benefit of an LLC being that you're farther away from personal liabi...

Hi All,I know it's not the norm, but does anyone know if any lenders will consider rental income if it's been less than 1 year? This is in regards to income and not DTI. I have signed leases and can show 5 months of p...

I have found several posts that address the pros and cons of an LLC versus a Land Trust regarding the type of protection they provide.  That is not my concern because I believe that if a tenant is injured on my proper...

Understanding the IRS Section 179 Election to Expense Depreciable Assets is crucial to making the most of your tax strategy.
This provision allows taxpayers to expense certain qualifying assets upfront instead of dep...

SF, 2004 built, remodeled completing in 2016, 2570 sq ft, 4 Bed, 3.5 bath plus study for 345K. Exact location near coit and main Good deal or bad deal ?

So I was just reading some unrelated posts and this reply had me thinking:@Andy O. - particularly for a unique situation like this, try and get a full 3 years worth of Sch. E's and depreciation schedules (form 4562, I...

Delaware 1.3%North Dakota 1.3%Nevada 0.9%Montana 0.8%According to the US Census Bureau

Opportunity knocks. I'm considering co-ownership as a capital providing partner in a new small business (barber shop) in Oklahoma. The demand requirement exists and there is a new plaza being built with an appropriate...

Hi all! During 2020 I was rehabbing a property. Had many challenges with delays, covid etc.. expenses really high and property is only ready for sale this week. My question is, am I allowed to claim the expenses ( the...