Daniel Smith
Can an LLC avoid the Real Estate Professional requirement?
In a perfect world I would be able to deduct my real estate losses against my very high W2 income. However, achieving "Real Estate Professional" status is not something I will be able to do in the near future.It has a...
Account Closed
Extra Families
Landlords, something to be aware of:
I have a rental in a working class neighborhood. Within 1 block of that house, there are FIVE houses that have people living in a travel trailer in the driveway.
One of those hou...
Account Closed
Vice President Harris Announces Economic Agenda
Vice President Harris is expected to announce her plans at a rally on Friday. According to Forbes, it will focus on creating more affordable housing. Some of the finer points that I can see are $25,000 in down payment...
Wade G.
Overcoming the Idea That Paying Off Mortgages Is A Good Idea
Overcoming the mindset of paying down mortgages is a dilemma for me. Considering the low interest rates I am going to refinance a couple of my SFH rentals and my primary residence. It makes financial sense to me to ...
Daniel Foster
Rental Property Accounting Software
Myself and a partner invest in Memphis, TN and have for the last 5 years or so. We use property management and have tracked our P&L separately with Excel spreadsheets through 2016. We partnered up in 2017 and ha...
Dave Carella
Commercial Condo has shower to keep or not
I'm in the process of remodeling some commercial condos to rent out. Three units , two are combined and has a 300 sf office with a shower in the bathroom. The water heater was over the shower area and must of blown an...
Richard Stephens
over priced duplex or not
I have found a duplex asking $198k but appraisal district has it at $102k, is that severely over priced?
Michael Gardner
LLC or Trust for Divorcee
Hey all, first time here. Im currently going through a divorce and trying to figure out what to do with the rental property I (we) bought in VA with my VA Loan. I want to keep reenters in it, and to put it in someth...
Pat Bahn
SDIRA into a new condo deal?
this is a hypothetical, but suppose
you were interested in a small 10 unit MFDU.
that can get a little pricy of an investment, so, you
want to create the unit as a condo, so it's 10 units,
and the SDIRA buys say 6 o...
Joe Sokol
Joint Business Bank Account with Spouse?
Hello everyone,My wife and I recently got married and have all our personal finances are combined (joint checking, monthly budgeting together, etc.). Right now, I own one rental property and I have a business checking...