Ryan H.
Single Member LLC: Self Charged Interest to Reduce SE Tax?
Questions: (1) May the owner of a single member LLC loan money to the company and charge the company interest for the loan? (2) If so, is the interest paid by the company a deductible expense to the company reporte...
Blake Isom
Planning My First House Hack (Advice/Help)
Setting the Scene - In pursuit of a loan from my parents for house hackingI have been listening to the BiggerPockets podcast and learning about real estate investing for over a year now. I just finished reading the Bi...
Tim Gathers
Software for tracking apartment building expenses
I have a 12-unit apartment building which is managed by a property management company. The PM uses their own online software to track rental income and the expenses paid for by the PM; however, I pay some expenses on...
Account Closed
Rental income to run another business
Hi,This may be a dumb question, but I was wondering if I can use my property rental income to fund my other business (i.e. construction company)? Are there legal or tax problems associated with this?Thanks in advance.
Charlotte Dunford
Utilities expenses on private well & Septic System
If the park runs on well and septic, there should not be a utility expense for the park owner, correct? Of course there is the maintenance part. But other than that, there shouldn't be any bills to be paid right. I am...
Gina Forestieri
Selling my one and only rental
I rented out my original house for 7 years, my tenants have now bailed and I'm done! I am fixing it up to sell asap. I know I will pay capital gains and have to pay on the depreciation. I am trying to find out WHAT ...
Account Closed
Unexpected Capital Improvement
I have not run across anyone talking about building or having a reserve fund for a property. What is The recommendation to accrue and pay for a unexpected capital upgrades, i.e. furnace, roof, sewer, parking lot, wind...
Joe Daigle
Are Note Yields affected by the cost to maintain the note yearly?
Doesn't the cost of holding a note, change the yield that's projected? (i.e. monthly servicing costs etc.) And, if so, how do you remedy that?
Thanks for any advise.
Travis Collins
Should I start or take another year to prepare in an apt?
I'm wanting to get into a multi-family house hack in 3-6 months. I'm currently not in my own place and would like to be on my own as soon as possible, an apartment is also an option.I started a new job 3 months ago th...
Russell Gaston
Potential Deal... Help Please!
So I have an opportunity to purchase an off-market duplex in Spring Arbor, Michigan but I'm nervous about the numbers. The seller hasn't given a price but they purchased the property 10 years ago for $135,000. I can...