Colin Spivey
Buying a car tax deduction
I am planning to get my real estate license this summer. I also will have to purchase a vehicle around the same time. If I waited to purchase a vehicle until after I got my license, could I use it as a deduction by sa...
Edward Moore
Golf Cart at Vacation rental?
Has anyone ever left a golf cart for renters to use at a vacation property? It seems like a good idea if you have a property that is a few blocks from the beach, and parking is limited. However, it also seems like a b...
Jack B.
Heavy property taxes in WA worse than state income taxes
I’ve been planning a relocation recently avoiding states that have income taxes. Then it dawned on me that I’m paying 25K a year in property taxes here, which is CONSIDERABLY more than I would pay in income tax on my ...
Erik Schneider
Foundation certification for manufacture home sale?
Hello I recently completed a flip deal on a manufactured home (first ever) and I am currently in the closing process and the lender is requesting a foundation certification prior to funding on the property. Has anyon...
Marcus Filsac
Gifting a car to someone's LLC
My uncle is gifting me his used car. I'd like to transfer it straight into my recently formed single-member LLC. Is it OK to do so or do I have to first transfer it under my personal name and then into my LLC? If I ca...
Todd Shroats
Leasing my car to my scorp
If I lease my car to my scorp, the scorp can write off the lease payment. Can I write off the mileage on my personal taxes? Also can I depreciate that payment.? If this isn't the best setup what should I do?
Justin Reid
Refinancing a car to get down payment?
I have a 2nd toy car that I have a loan on, but am equitable in. A property came up just a few houses down from my current rental and I think I can buy it right, but I don't have the cash for the down payment at the m...
Michael Coxen
New Car: To Lease or To Buy
To all of the real estate accountants/accounting gurus/seasoned real estate agents and brokers, I am planning on getting a new vehicle soon... what is the better option, tax wise... to lease or to purchase (with finan...
Tom Chen
This is wrong and sets a BAD precedent against investors...
Couple that buys street through tax defaults, are being discriminated against.
Kevin Auyong
write off loan against car to buy rental?
I am looking to buy a rental house all cash. Purchase price to be between 20 to 30K inc repairs.To fund this I am refinancing a car I own free and clear now for $30K. Is there any way I can write the loan off?If so w...