My contractor and I have constantly been disagreeing (friendly of course) on the amount of work to complete the project. My mindset (that has worked well for me so far) is make the house cosmetically attractive as fa...
Hello everyone,I've been looking into turnkeys recently, and at first they seemed perfect for a long distance newbie like me. I tried running the numbers though, using a few basic rules of thumb, and they don't seem t...
http://www.deseretnews.com/article/700030960/For-more-children-dinner-is-coming-from-Uncle-Sam.html?s_cid=Email-1
There are some items in this article that I have VERY strong feelings about. Before posting them, I'd ...
Hello,
I'm new to real estate investment. I'm curious about what habits and behaviors, whether very minor or major, make a person successful in REI. I understand success can look different for everyone depending on ...
Just had an AirBNB guest cancel after day 3 of a 30 day booking (we always use strict cancellation policy) because he said he drove by a grocery store 3 blocks away and saw ‘homeless people doing drugs.’The guest call...
I will have 2 rental properties, each generating income and losses. Can I deduct my business expenses as a real estate investor (car, office expenses, business meals, computer, etc) outside of the profit/loss sheet f...
Let preface this conversation with the fact that I dont own vacation rentals or know much about them. I am down here in corpus on work assignment and I am staying in a hotel. I began to think is there anyway I could s...
I know STR income is treated as active by IRS (like a hotel) and I have S Corp. My accountant used form 8825 (rental real estate income for S Corp). Is this correct? I would have thought it should appear in a differen...
Hello, This is my first post on this site and I really need some advice from people that are in the real estate investing life now. I'm 18 and live in Cincinnati Ohio. I am just about to finish my first semester in co...
Hello fellow househackers!
Two questions for the group in celebration of tax holiday cheer.
1. Does your tax preparer have you use a 1040 schedule E or 1040 Schedule C?
2. Which portion of the tax code do they ref...