Arthur Nogueira
Setting up & getting reimbursed for Tourist Taxes
I'm starting my 1st STR soon. What is your preference in frequency to pay for your tourist tax? Monthly, quarterly or seasonal? and is there a reason behind your choice? Also, does AirBNB keep track of the income? and...
Reagen Natho
Separating Days of a Booking Across Months for Taxes
Quick question! I have a spreadsheet on which I'm tracking all of my revenue & taxes that need to be paid. For tax purposes, do I need to breakdown a stay that goes across months?
Keeya WangJones
Owner-Occupied: Multiunit Property Management (Licenses??)
Hey BP Community!
As I venture into rental property management, I have a few questions:
1.) Owner-Occupied Property in Texas: Will I need a property management license if I owner-occupy the property in San Antonio, ...
N/A N/A
Beginner question! Need expert advice
Lately I was introduced to a quick way of analyzing property. Say your gunning for strictly 7% cap, the formula would be.
VALUE=NET REVENUE/0.07
My question is in, When calculating net revenue, what do you substract...
Stephen Torti
Margin Per Apartment in Multi?
Hi BP, has anyone tracked their margin per apartment? I've got some numbers from it and most are good but I'm not really sure what to compare it too. Is 25% per apartment good, 50%, 15%?
Jamie Lennox
Do it Yourself Closing on a free property (Allegheny Pittsburgh)
Dear Bigger Pockets community,The Situation: I have contacted an out of town property owner in Pennsylvania who is willing to give the property away if I take on the back taxes. Even with a rehab the ARV would be low ...
Kevin Zhang
Have anyone use turbo tax to file for tax?
Bigger pocket members, How do you file for tax return for newbie? I only have two rentals. One in Memphis and another is Cleveland? Anyone recommend using turbo tax? Hiring cpa can get expensive so trying to find t...
Joseph Pisano
Sale of Billboard Easement
I am looking to sell my billboard easement in Southern Texas. All expenses are paid for by Lamar. Its a new 20 year lease with 20% monthly gross revs. I am being told I can sell for near a 6% cap ($17k/m). Are there a...
Luka Milicevic
Investing in the US as a foreign person
Hi BP,The community has always answered all of my questions, or at the very least, pointed me in the right direction. I have a rather complex question that I was hoping someone could help.I am in the US. Active in my ...
Sumit Sehgal
Tax forms for disregarded entities LLC
I have a Texas disregarded LLC, Oklahoma disregarded LLC, and Wyoming partnership LLC.
My question is from tax standpoint (not legal standpoint).
I recently learned that disregarded entities are required to file so...