James Ringo
Section 179 depreciation recapture question
Hello all, I bought a new truck for my business last year and claimed the entire purchase price as section 179 depreciation. I have a separate car for personal use so I'm currently using the truck 100% for the busines...
Amanda Reynolds
Raising your income to invest
I'm fairly new to REI and I want to jump start my REI Business. Currently, my husband and I are struggling financially on a very low income for our big family of 6, I know the obvious answer is to increase my income ...
John Dombrowski
Business account right from the start?
Is it recommended to open up a business account with your bank before you start investing or can you do it maybe after your first deal and make sure this is something you want to do going forward?
Jeremy Geyer
New investor in Pensacola, FL
Whats up everyone? I'm a new real estate investor in Pensacola, FL. I'm currently still active duty military, and my goal is to get my real estate business firmly established in the next four year so that when I get o...
Tanya Maslach
Creating an LLC: state where properties are located
Hi allSome context:We have 1 LTR in Denver now, and reside there. We do NOT have a separate LLC for it. Taxes/Expense: flow through our personal taxes.Questions:a. We are about to buy properties in OH. Should we ...
Beth Thorne
155+ Acres w/ Renovated Geothermal Nearly Net Zero Farmhouse & Cannabis Growing Bldng
155 farmland acres + renovated farmhouse + a startup cannabis business, in excellent Maryland location. Beautiful and picturesque, adorable small town, Land is in a preservation zone, but there are ways besides subdiv...
Ross Bernard
Trust No One (when it comes to contractors...)
I found an HVAC tech online who had 64/64 five-star reviews on Google Maps. There was nothing but praise for him, so I gave him a shot. He diagnosed my problem as a faulty control board. He quoted me $700 for the boar...
Account Closed
I've done a rental analysis and have a question about the NOI
I've done a rental analysis on a potential rental property where I'd be charging $4200/month and the monthly expenses have come to $3635(Mortgage, tax, insurance, vacancy, cap ex, maintenance, Manage, HOA). The report...
David Coronado
Process to get approved for a Construction Loan & Land Purchase?
Hi BP,I've been buying houses, remodeling them and then selling them in the Bay Area for the past couple of years. I now want to take on new developments, buying a lot, building a new house and then selling it all und...
Bob Maloney
Filing Taxes for LLC - using Form 1065 K-1, etc
I am member of a LLC (more than 1 member) that was formed in 2007 and we buy and sell residential property. I am getting ready to prepare tax form 1065 (and the related K-1 forms). We have bought & sold 2 proper...