Hudson Doyle
Unexpected Paper Profit Tax Liability
I bought a 2 family the end of 2012 and have now completed my first year as a landlord. My accountant recently provided me with my Schedule E tax return for 2013 and I was surprised to see that my taxable income i...
Alexis Whitaker
Paying Rent Upfront But Limiting Access to Landlord - Legal?
Hi everyone,So I have a bit of a conundrum. Let's ignore for a moment that the potential tenant in question may not be a good tenant. I am specifically seeking advice from a legal position.Situation: The tenant wants ...
Caesar Valle
is 741 possible?
I have a question. So this past year I've really come around a long way with keeping up and mantaining my credit score. I'm kinda young and made a few mistakes with my credit cards. Who doesn't? So I had about 3 ac...
David Greene
Gas VS Electric in Multi-Family Property
I'm closing on a multi-family unit that requires a full rehab. This is my first rental and I'm debating on if I should do gasor electric heating and cooking. All suggestions are greatly appreciated.
Eav Lim
Wanting to put property into series LLC help.
Hello, I am new to this forum.I already have a property series LLC registered in Nevada. I have 4 properties located in Nevada which I am creating a quitclaim deed to transfer to the LLC. There will be 2 members of th...
Account Closed
Hi from Philadelphia!
Hi all!I'm Kira and I'm brand new to Real Estate Investing. I've been thinking about taking the leap for a few years and now seems to be the right time. I'm just starting to learn everything I can, from books, to vide...
Matthew Thorp
How to find what the seller owes
How do I find out what a person owes on their mortgage before it gets sold at foreclosure auction?
Andy Bondhus
Auto loan interest, is it deductible?
If I'm using the standard mileage rate for 2017, can I also claim my business use percentage for my auto loan interest? My accountant says no, but I've read in books that you can still claim auto loan interest in add...
Joshua Powell
Should I put property purchase + rehab costs in my P&L? Confused
So I'm starting to put together a fairly simple P&L in excel for the house hack I just acquired. I'll eventually move over to a more complex accounting software such as quickbooks down the line, buy I want to wait...
Shahad Choudhury
Deduct partnership expenses without property in an LLC
Hello!I started a business in late 2018 with a partner with the plan to do rental real estate. We didn't have the LLC formed quick enough, so bought a Single family home in our own names and started rehabbing it. Thr...