Austin Davis
Starting a snow business
Hello BP,Finding affordable and quality snow removal has been an issue for us the last few years, so we are exploring the idea of bringing it in house. We currently have 2 larger apartment buildings, some 4 plexes an...
Ross Ellington
Tax breaks?
Good afternoon everyone! I'm new to REI and was wondering if any of you would share with me any tax breaks that you know of or implement in your business. I don't know if it matters, but my goals are to buy, reno and ...
Ryan Pina
Tax write offs
I'm currently doing business under my personal name trying to build my credit. I have flipped two houses this year. I also have an LLC formed but did not purchase the house through it. My question is can I still write...
Stuart M.
Our first tax return, make sure we are doing this right
Hello all,I am asking about taxes that were due in April 2017 (for 2016 year), filed an extension until now...So, in May 2016 my wife and I were living in an apartment in FL with our kid and bought our first house i...
Manny Rivero
Tax Advantages to being an owner occupant in a duplex
Hey everyone, I'm assisting a friend in the purchase of a duplex. He wants to live in one side and rent out the other to help with the monthly housing expense. What are the tax advantages of being an owner occupant in...
Brittany Hart
Do I need a business license?
My husband and I are buying our first 4-plex this summer. Do we need to get a basic business license before we do so to get tax write offs for equipment we buy for fixing them up? (New computer, power tools)
Should...
Will Koederitz
First investment property - Royal Oak, MI
Hi, I am new to REI and to BP. I would like to share my recent (and ongoing) purchase and get feedback from others who are experienced on here. I plan to use this as a rental income property. The property I decided...
Mansi Mehta
Are renovations in property deductible in addition to deprec?
Can you make the repairs like painting, fixing hvac tax deductible in addition to depreciation?Any good articles on the same?Thank you
David Bardwell
Coin-operated laundry ROI in a 4-plex
I’m considering purchasing coin-operated washer and dry for a 4plex. I’ve already determined the cost of the equipment itself. And I’ll price it better than the local laundromats. But I’m hoping someone can give me s...
Will Barnett
HVAC training
Here in Texas the AC goes out a lot and is the number one maintenance expense. So now I usually install a whole new system when I purchase a property. That way, I won't have to worry about it while it's under warran...