Matt Faix
Partial Mileage Deductions
I know that mileage for business related travel can be deducted, but what non-business related travel, where business occurs. For example, at social outings, volunteer events, or a say a Christmas party, our business ...
Maugno M.
1099 Contractors refuse to provide SSN,TIN. Should i send anyway?
I'm working on my taxes and getting together my list of contractors I used in 2019. I have never done 1099's but as an LLC, I feel if i want to grow and expand I need to start. I called several of my contractors up an...
Account Closed
Mixing personal funds with SDIRA
I have been thinking about this for a while. Please keep in mind that I am NOT thinking about doing this but am just curious as to how this is enforced. If I have 100K in my SDIRA, bought a property for 90K, paid 10K ...
Jeff Rabinowitz
Solo 401ks are much easier to manage than SD IRAs.
The last couple deals I participated in were funded through my wife's Solo 401k. They were easy to initiate (only needed a mortgage, a note and a trip to the bank to send a wire) and to finalize (received a check via ...
Josiah Cooper
Creating Your Own PM Company
Hello BP Community!I wanted to get some opinions on creating a property management company for our rental properties. I have heard of people owning properties and then creating a PM company that "manages" their proper...
Daniel G.
Coinmach Question Due Diligence
Hi BP community,I have a quick question regarding a Coinmach contract for a multifamily property that I am currently inspecting. There is currently a coinmach contract that expired in 2012. As most of you know this le...
Peter Fokas
Real Estate Professional - how to achieve 750 hours?
How many properties does a person need to hold to justificy 750 hours? For example if you own a two family house and rent both units it would be hard to justify that you worked 750 hours to maintain this. IRS does not...
James Feiden
Worker's Comp. "if any policy"
Hello Everybody,
I would like to get some feedback from other landlords and how they handle Worker's Comp. with subs to mitigate risk.
Let me explain my situation. I sub-out all contractor related work, lawn care,...
Wendy Vaidic
De Minimus Safe Harbour
Hi Everyone!I have researched De Minimus Safe Harbour election & it sounds like a very beneficial tax election.My understanding is:1. You can writ-off, instead of depreciating any item under $2500.00 ($5000.00 wit...
Noah Bacon
Where do you store your files and property data for easy reference?🗂️
As a real estate investor, there are so many different type of records that you never know if you'll need to reference in the future! What platform do you use to store your files/records?🗂️📁
Were' talking: Inspecti...