Guys, we know that 20% applies to the Qualified Business Income (QBI). Let's ignore service businesses, phaseouts and all other complications. Let's take a wholesaler netting $100k. So, he just gets a $20k below-the-l...

What accounting software are you using for your Airbnb's?

Newbie here and appreciate all the input and advice I've been passively soaking up.I have a question about what tax benefits through depreciation are available to the real estate investor who purchases properties for ...

Hey guys and girls, My grandpa and I recently bought our first rental with Basically with cash ( he carried a small note something like 20k). We create an LLC to run the rental and control the finances and such, the L...

I plan to purchase I new home within the next month and was planning on renting out 1-3 rooms to future friends/tenants. I’ve done a little research regarding tax deductions for the portion I am renting out but was lo...

Interested in seeing your lease wording.  Here the only way to collect any fees in court is really charging them as rent.  Otherwise, fees are not enforceable. 

How do I attain basis for depreciation on this property;l?I’m at odds with my CPA and looking to see what I can do to maximize my depreciation on the property  I purchased a multifamily at an incredible deal, way unde...

This is a question that I'm probably overthinking (since I like planning I do that often), but...Investors that are also Realtors - how do you get paid commissions when you sell or lease a property (including ones tha...

Hello everyone,I am having trouble getting answers regarding a split use property that I am about to purchase. The property only has one house number and per appraisal is a single family residence. However, there are ...

I built an ADU in LA and live in the front house. The former garage is now a single apartment and has been rented out to my tenant since 2021. the ADU is legal -  was built with all the permits and has a CoO - and has...