Yos W.
Rental Property Expenses for tax deduction
As a new landlord, I wanted to ask the veterans on tax deductions for expenses I incur on the rental property.things like: Bathroom Remodeling expenses made by me.. (or by contractor), plumbing expenses for unclogging...
Shantell Jewett
eviction
can someone please tell me.....if I am being evicted ( I have not yet received a court appearance date but I have received a three day notice. If I have the amount for my rent before or on the court date can I be evic...
Shea Spinelli
Deduct or Capitalize - Placed in Service Exception
Hey BP Members, quick question. We purchased 12 units in July 2017. In November 2017 we added an additional unit. Wouldn't we qualify for the exception @Brandon Hall discussed as Myth #5 in his article '7 Common Myth...
Tony Lin
Starting a company/LLC for passive investment, overkill?
I'm planning to get involved in a few apartment syndications as a passive investor, potentially doing a small apartment myself few years down the road if I learn enough. Is it necessary to form a company or do an LLC ...
Daven Mody
Cash out Refinance
Hi there-
My brother and I purchased an investment property in April 2013 for $185K, and put down 25%. After closing, we transferred the property title to the LLC's name. The current mortgage is under my brot...
Mark M.
Can Abandoned Property Removal Costs be deducted?
I am not sure on the specifics regarding the costs associated with tenants abandoning personal property.
Since we have 30 days to refund the security deposit, and if the tenant does not or refuses to claim any abando...
Account Closed
Can they keep the deposit?
Hi all!I made an offer on a house, mortgage fell through due to not getting the documents in time. My realtor mae the selling agent aware before the contract deadline of August 24th that the mortgage fell through. The...
Steve Bugnacki
HELOC to Make Cash Offer
Looking for feedback on my strategy. My thoughts are I can get better deals with a cash offer on or off market. To that end, I can access $280,000 on a HELOC at 6.75%, and have other funds available to make a total...
Drew Whitson
How do I allocate personal expenses from multiple LLCs?
I hold various amounts of ownership in four LLC's each which hold multiple real estate assets. One is 100% ownership, then 50%, 1/3rd, and 1/8th - as each deal comes along it gets put into one of these LLCs dependin...
Kevin Tarver
broker for my first deal
hey everyone kevin from nyc. I'm looking for super star broker to help me close out my first deal. I'm looking to invest in a duplex in upstate ny. the goal is 5 duplex in the next 4-5 years. Price range 50-60k. th...