Nathan S.
Home Office Deduction - Mileage
Hi BP world, I am currently not taking a home office deduction since the entire space I use in my primary residence for my rental business is also used for personal activities (computer, file cabinet, office desk). A...
Malik Javed
Cost Segregation - The Basics
What is a Cost Segregation Study & How Does it Work?
Cost Segregation is a commonly used strategic tax planning tool that allows companies and individuals who have constructed, purchased, expanded or remodeled an...
NA NA
Legitimate use of Seff Directed 401K
Background: I have a self directed 401k under my consulting company LLC (day job).
Goal: Use SD 401k funds to issue notes.
Scenario: I am a minority owner (<49%) of ABC LLC. ABC LLC is engaged in ac...
Marcial J.Paredes
MH inspection....
Hello all, I have a general question about inspecting a mobile home....Would it be wise to pay for an inspector to come out and check the home out if I'm just going to turn around and sell it or conduct an inspection ...
Shawn M.
Repair work in apartment while female tenant is home
Does anyone have any policies in place about conducting repairs in an apartment while a female tenant is home. What is a safe policy that won’t get me in trouble. I try to get in and out as quickly as possible, but it...
Kameron Yellin
1 year Sellers finance hold to househack
Investment Info:
Small multi-family (2-4 units) buy & hold investment in College Station.
Purchase price: $173,700
Cash invested: $30,000
Purchase: $173,700
Repairs: $10k to date
Notes: Inherite...
Marissa Bialek
Vermont Capital Gains for Second Home Residents
Hey Guys,I had a question if anyone had any suggestions. We purchased a second home June 27, 2020 in Vermont. We had planned to use it for ourselves and airbnb, however, I just got a job offer in Washington state and ...
Cory Ray
Should my business partner and I form a LLC
Starting out should my business partner and I form a LLC together before buying our first house to flip.
Heli Beran
Is a Non-Activity Report required for an Iowa LLC with zero income/expenses?
Hi everyone!I'm wondering if a Non-Activity Report is necessary for an Iowa real estate LLC that was formed but that never conducted any business for that year because the deal for which the entity was formed fell thr...
Amanda G.
Separate LLC's for buy and hold and flips?
Some members of my REI group have separate LLC's to separate their active work in flipping and wholesaling from their passively held rentals. As a single-member LLC- does this make any difference when they are going t...