Debra Johnson
LLC or run single STR through personal account and taxes
Just purchased single, out of state, property for STR.As a married couple do we set up LLC or run expenses and income through our personal names? This is in regards to banking and taxes?
Devin Keener
How does the $150k AGI rule work for real estate tax deductions against w-2 income?
I'm new to real estate investing and own one rental and a primary residence. I recently found out about the separation between passive and active incomes and that there are rules about crossing the line on how you can...
Frank Jennings
Couple Screening Requirements
What if you have a couple looking to rent and one of them meets your screening requirements but the other one doesn't? Do they both have to meet all the requirements? And specifically for income, do they?
Peter Van der Steur
Tenant offers to pay desired items (ceiling fan, storm door, etc.
We are new at this. A married couple just moved into our property and noticed some missing things they would like (ceiling fan in master bedroom, storm door, ...). The wife said she would pay for the new ceiling fan i...
Alex Yakubovich
Tax Questions and 401k Contributions Guidance for Two-Member LLC in a Community Prope
We established an
LLC at the beginning of this year, with just two members – my spouse and
myself. We reside in a community property state and file our taxes jointly as a
married couple.
Throughout this
year, we...
Chris Oshea
Direct mail: Addressing owners, Mr., Mrs., Ms.?
I'm getting ready to mail out my second batch of "yellow letters" to a hand selected group of about 80 addresses.
I've got all of the owner information from the assessors database, but I'm confused as to how I should...
Austin Eberle
Prorated capital gains tax exemption?
I was wondering if anyone knows if the 250k or 500k for married couple capital gains tax exemption can be prorated? I’ve lived in my house for 6 months but it’s gone up in value $100,000 and capital gains would make o...
Nina B.
Legally obligated to rent to roommates?
Greetings!I'm a landlord in the State of Washington, 8 years. Up until now I've gotten very lucky and all of my tenants have been highly qualified long term renters, married or single professional. Here's my questio...
Steven Barr
Healthcare costs of a full-time real estate investor - how much??
How much should one expect to pay for health insurance if they are a full time self employed real estate investor?Say a family of 4…. Married couple in their 30s or 40s with a couple kids
Amy A.
Using student loans to qualify
I've recently had some students interested in renting from me. They will use student loans to pay rent. My screening criteria requires income of at least 3 times the rent. How do I qualify these students when they ...