Kyle Scholnick
Are down payments on rentals tax deductible?
I know the mortgage interest and any expenses associated with the rental property are tax deductible but, is the down payment of a rental property tax deductible?If I put $40,000 down on a rental property, can I deduc...
Lori Brittain
writing off meals during REI meetups
Should I be saving my receipts when I attend local meetups for a tax writeoff?
Trevor Sambrano
Hold or Flip?
I am in the process of completing my first investment deal. I have discussed owner finance with the seller and so far he is willing to do that with no money down and I can assume his current loan terms. He has owned t...
Reese Shulman
Retail Tenant Vacancies
Rubio's Mexican Grill just closed 48 California locations, which was ~35% of all their locations at that time. The company stated, "The closings were brought about by the rising cost of doing business in California." ...
Ethan West
EFU Land Development
I just bought 40 Acres for one of my excavation businesses last month. With a conditional use permit my business is allowed on the property. The property is (3) minutes from Bend, Oregon which is a hot market at the m...
Grant Pope
Raising Capital with other investors - How to structure?
Hello All - Love BP and everything it has to offer.
A question that I have is about structuring your business when you are raising capital. Right now I have 5 units, with a couple of different investors. Because the...
Christopher Williams
Tax classification
Hi all. I'm new to real estate investing and from the Philadelphia area. I recently set up my business using legalzoom. The main function of the LLC will be to flip properties. While I do have a minority partner, I wa...
Account Closed
Gut Rehab Costs
I am just curious, what do you guys budget for a gut rehab on like a 1500 SqFt Single Family? I know it ranges, but I am interested in what the different costs are out there. When I mean gut, I mean, putting in new pi...
Raja Gupta
corporate structure
I am planning to get an app developed for real estate. I don't think this app will make any money for at least two years. I would like to expense the app development expense for these two years. I am thinking of setti...
Abdenour Achab
Should I expense or capitalize post acquisition eviction costs
I acquired a house in September 2010. I evicted the previous owner in December 2010. I paid the eviction costs in January 2011. I listed the house for sale in March 2011. I expect to sell the house in 2012.
The house...