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I formed 2 llcs in 2019. One is for me a partner with a multi family and the other is for me and another partner for a single family. My question is, for tax purposes do we need to do anything else other than just dec...
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I have seen several investors do this, but cannot fully understand the benefit, and I am pretty well versed in tax and entity structures.
Situation: multi-member LLC owning rental properties and only has pass...
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I am working on building a buyer's list. Does anyone have any experience selling to a "We Buy Houses" firm vs. an individual cash buyer? It seems much easier finding "We Buy Houses" firms but I am not sure what the ...
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I am relatively new to the real estate investing world. My husband and I have only been investing since July, but since then we have obtained 12 properties and 5 lots. We have been so busy buying that we have unfortun...
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What is the Augusta Rule?
The Augusta Rule, known to the IRS as Section 280A, allows homeowners to rent out their home for up to 14 days per year without needing to report the rental income on their individual tax re...
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I am looking at buying a couple of short term vacation rentals in my state. I understand that 10% down is all that is required. I also understand that I am only allowed 1 vacation rental loan per vacation area. I h...
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Hi all,I'm currently new in this field and looking to excel, I'm located in Edmonton Alberta and looking for individuals on this forum that could possibly mentor or guide me in the process of potentially looking for a...
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Can someone please advise if I am required to give my tenants who are renting rooms 24 hour notice to enter into the common areas of the house? I am aware I have to give notice when entering into their individual rooms.
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Looking to speak with an attorney who is seasoned with NYC rental laws. I have a 3-unit property, one of the apartments (3BR) is being rented out to individual tenants/rooms (SRO). It was structured like this when I p...
So I went to my local town hall and I politely asked for a tax delinquent list (they didn't know what i was referring to at first). They showed me a list that I knew was the tax delinquent list but they told me I coul...