Brian McCarter
How to apportion costs of rehab when renting out rooms in home
I wanted to see if there were any tax experts who have ever rented rooms out in their home. The answer my enrolled agent who is not a real estate expert gave me did not seem to make logical sense to me and I wanted to...
Dana R.
Other landlords rejected applicant- Is there something wrong?
I have a applicant who's pretty eager to rent my place because several other places have already turned him down in favor of other applicants. I think the applicant has been looking for at least two months since he ha...
Richard Warren
Tenant Decapitates Landlord's Pet Boa Constictor
A renter intentionally set a fire Friday night at his landlords' house and left his decapitated pet boa constrictor at their bedroom door:
http://www.newsday.com/news/local/ny-liboa1912670419apr18,0,1923374.story
Ta...
Austin Youmans
Can't discreminate against felonies or sex offenders?
What do you think of the video and how would you handle it in Vancouver, WA?Youtube Video
Dan Nguyen
Can I deduct a gym membership for the purpose of capital raising?
I belong to a clubhouse gym that wealthy people belong to. The cost of the membership is absurd compared to a regular gym membership and the only reason why I'm paying for this membership is to meet high net worth ind...
Billy Rogers
Why do so many investors choose to keep their day job?
I've noticed that a lot of investors keep their day jobs after they seem to be very successful. I've met people who have been flipping houses for over ten years and still have a day job. I'm too polite to ask the...
Dalton Dellinger
Tax Deductible Expenses
Hello BP! So I was creating a spreadsheet to track all my business expenses. Is my phone bill tax deductible since I use it for business purposes? I offer internet to my downstairs tenant for free (I am house-hacking ...
Mark F.
NJ judge and ruling on landlord "duty to care"
Was sent this by my mentor which an attorney sent to him. Very interesting. Judges ruling seems reasonable. Summary is below but not sure how to attach pdf for full ruling if anyone wanted to read it. This could be ci...
Luke Mccandless
Commercial lease negotiation mess!!
To start off - this is a small town (3500 people) and there are not a lot of demand for small commercial lease space. I would really recommend against investing is small towns after this experience!We have a vacant ~...
Anurag V.
Questions Regarding Starting an Out of State LLC
Hi All,
My partner and I plan on doing business in the Philadelphia area but want to float an LLC either in Nevada or Wyoming. I have been doing some reading on the internet regarding this subject and have an idea bu...