Gabriel Wang
What services do you do to reduce property taxes?
Do you use any services that work to reduce your property taxes for your investment properties? Is so, any cons to doing this? Also do you do this every year come tax time?
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...
Joseph Davis
Determine cost basis on primary residence turned into a rental
Given that you can depreciate a residential property over 27.5 years - if we buy a new home & turn our old primary residence into a rental - does the depreciation start from the date the home is turned into a rent...
Daniel Loane
Optimizing repairs for rental - Awning flashing installation & deck/staircase repairs
Hi Biggerpockets community!I have bought a SFH in a B neighborhood in Parma Ohio and plan to use it as a long-term rental. The property is rather old. I am not planning major updates at this point and hope to rent it ...
Jeremy Janszen
Short term rentals and non-passive income tax classification
Hi all - I know this topic has been hit on a few times but I wanted to ask my question in a very specific manner to get collective expert feedback. I understand I should consult my CPA, and I will. They are, however...
Mark Allen
Incorporating a trading business
After years of time spent on research, I've gotten to the point where I'm considering quitting my day job and taking up trading as a career, and I'm looking into options for reducing my taxable income. Some relatives...
Cody Mitchell
Criteria in looking for property to flip
My wife and I recently completed two BRRRR deals, and have some capital from the cash out refinance. We would like to get some more capital in order to scale more quickly and know a few good wholesalers, so we were th...
Tony Sherman
Let's brainstorm about private lending
Have you faced obstacles with high-interest rates in private lending? How did you manage or reduce these costs?
Denise G.
Property owners in CA forced to reduce rents by 25%
Here we go again:https://caanet.org/votervoice/
A new legislative proposal in response to COVID-19 would force every rental property owner in California to reduce rents by 25%.
AB 828 by Assemblyman Phil Ting igno...
Kel S
Tax reduction on home by simply writing a letter
We recently wrote a letter to the Tax Auditors office to request a re-assessment of the tax value on one of our properties. This would be the taxable value of the home. For an hour of our time in writing the letter, w...