Hi All,I have been trying researching the best cash back credit cards to pay my property expenses instead of using my personal credit card and bank accounts. My brother and I share a couple of small investment propert...
I earned 90 k as a 1099 contractor working in my LLC. expenses are around 20 k so NOI is 70k. it appears tax efficient if I tax this income as S- corporation. i do have EIN for my LLC and all income and expenses wer...
I currently have one property rented out, I own and manage it under one LLC (I am the only partner). My question relates how to properly pay for and deduct business expenses across multiple entities. Especially if the...
Hi Everyone!I recently purchased my first property, a single-family home in Richmond, VA and am planning to house hack. I'm trying to figure out how to set up the banking for managing the property. I've heard it's bes...
Hello,I have been using Rentec Direct the last few months and am getting used to is, just a general question for PMS if you have personal expenses on a credit card, do you categorize those under "Owner Withdrawals" or...
I am looking to set up an account at a bank different than my personal one for rental property expenses/income and savings. However most places are saying I need an LLC In order to use the accounts for a rental proper...
Being fairly new to real estate investing I have an odd question...
Are there certain terms or jargon used to describe the steps/levels/scenarios below?
1. Paying for your own mortgage on primary residence and your ...
BP members, those of you who have house hacked what was your experience like? I am currently looking for a duplex. Live in one side rent the other. Often I here people say this is a great way to live for free or clos...
Hi all,
I'm about to place an offer on a property with an ADU, which we plan to rent it out.
I understand that if I rent this ADU out, then I can have a tax write off on the mortgage payment and insurance payment ...
The lease is for commercial use by a medical tenant. I'm trying to determine if it implies that the tenant pays the property taxes. "Additional Rent: During the term of this lease, tenant shall pay landlord, in month...