Rick Barbato
Section 179 vehicle write off
Can anyone tell me what the “back in my pocket” amount I’d receive from using the section 179 vehicle tax deduction?For instance, say I purchase (for my business) a vehicle over 6000 gvwr, for 40k.If I’m able to write...
Anjali L.
NJ landlord tenant hearings in court
Have any of you had luck with your cases being heard in court in New Jersey [Hudson County]? I have a nonpaying tenant since September and I was giving her a chance to cough up but she’s been really difficult to deal ...
David Brent
Can I file my own taxes?
I can't seem to find this topic... I purchased my first MF/24unit in Nov. and want to do my own taxes. (Its held by an LLC). Advice or pt. me in the right direction for general overview? I DO have a CPA (and pay a ...
Mark Beekman
Would this work to find distressed sellers?
Lately I've been thinking of ways to capitalize on distressed sellers of SFHs for flipping purposes. What if you put out some newspaper ads saying that you'll buy any house for 80% of the appraised value, and once you...
Jimmy H.
Cross state investing
Looking to potentially invest in other states for commercial REI. I was wondering about the proper entity structure and potential tax or other implications of doing so. Is this a situation where I could incorporate as...
Michael Salamone
Sole Proprietor and Taxes
I just purchased my first investment property. It is a duplex with a tenant already living in one side. I set up a separate bank account to have the tenant deposit the rent into. I also had an agent give me the tip th...
Tyler J.
Big ask, but would love some 1-on-1 help
So I have been analyzing deals daily for months. I want to finally go forward with buying another deal, but I dont know if my numbers are ever right or if Im doing all of this correctly.I would absolutely love if some...
Tripp Warren
Types of Bank Accounts for revenues?
Hi all, I'm getting ready to go live with my very first rental. I want to set up a separate bank account to have rents deposited into. My question is; should I have multiple accounts to split rent revenues? What i me...
Joseph Kostigen
Seller Financing and setting up a promissory note
Hey everyone. when you are trying to obtain a property through seller financing is the interest rate normally lower than a conventional loan? what would be the steps to approach someone when trying to have them finan...
Bruce Martin
Pay off mortgage or save the money for next deal?
Hello everyone,I know this is the all too common question that depends on one's strategy and tolerance for risk but I am still uncertain about which way to go forward. I have a townhouse that is cash flowing and I ha...