Lionel Johnston
Tips to Manage Bill Pmts &Cashflow
Hi Folks, We just closed on a duplex which is our 4th and 5th doors. What tools or processes do you use to manage dues dates of all the bills dues? The rent dates are easy but we have several mortgages, several credit...
Erin N.
De Minimis Safe Harbor
I paid $30k for windows this year. 60 windows @ $250 each. My invoice is itemized. Can I claim de minimis safe harbor since each window is less than $2500 and my invoice is itemized? I didn't have to replace them a...
Charlie MacPherson
Valuation of a Gas Station?
I have the opportunity to list a gas station (my 3rd). This one is available as a lease, which is pretty easy to figure out.However, the seller also wants to list it for sale. I can value the business based on Owner...
Noah Condon
Starting an LLC
If someone could simplify the steps to opening an LLC for a full-time house flipper that plans to also get a general contractors license in the near future. Thanks in advance!
Hannah Joy
Depreciable expenses vs rental revenue income tax
What is the magical ratio of one time capital expenditures to capture enough 100% depreciation to neutralize income taxes on rental revenue? I know it exists...If I buy one property a year and do extensive renovations...
Abdul Azeez
How do you convert Real Estate Management to a menu offering?
Folks - I just wanted to bounce around some ideas and obtain some input. Some of this has been from my own work related experience and some from general life experiences. When you acquire a property there are several ...
Devin Cokley
Wanting to learn more about structuring and negotiating a seller finance deal
I've done a fair share of researching but some things I havent been able to get very clear answers on.I'm looking into possibly buying a laundromat on seller finance and I want to be able to talk to the seller and neg...
Julio Gonzalez
Should I Get a Cost Segregation Study Before or After Rehabbing?
A cost segregation study should only need to be performed one time for each property and the annual depreciation calculated during the study using the detailed asset listing is relevant for as long as you own the prop...
Patrick Bross
AirBnB Host legal entity
I currently own and operate an AirBnB, but also manage another that I do NOT own. Does anyone have advice on how I should set up a legal entity, how I should ask the owner to pay me, etc? Considering both operations a...
Chris Masons
Tax question on Water Heater replacement
I have a tax question on water heater replacement. I Know it should be a capitalized expense written off over X amount of years. Last year I replaced a water heater and in doing my taxes using Turbo Tax there was so...