Pablo Aizpiri
Looking for a CPA to validate my tax strategy so I can take next steps.
Hello,I'm in Texas and am I wanting to discuss the possibility of kick starting my real estate investment journey with STR and also using that offset a fairly large W2 tax liability I have this year.I basically need t...
Will Gaston
Negotiating down a 30k Pre-Payment Penalty?
All:Has anybody had any luck negotiating down a pre-payment penalty? I currently have a seven figure note with a local bank and am currently required to pay a 3% pre-payment penalty if I refinance it with another bank...
Hamidou Keita
Asbestos siding on a a fourplex- should I buy?
I am under contract for a fourplex that has asbestos siding. I noticed on Zillow that asbestos was listed as a building material, but I didn't pay attention to it until my insurance agent mentioned it. The property ap...
Jeremiah Purdum
cash flow to taxable income ratio
Doing some year end math and I'm looking back across the last few years. On a SFH the second year the cash flow to taxable income on my sch E was .39. It jumped to .81 and .84 the next two years (if I did my quick cal...
Sasang Doc
Renting a business property to my LLC
Hello Fellow BPers,
My LLC owns a business property where I’ve run another LLC business for the last 17 years. I’d like to start renting to myself (my LLC commercial prop renting to my LLC business running out of it ...
Jason Perry
Rent Reduction as Charitable Contribution
We have been contacted by a priest who is working with a family that is in desperate need of a place to live. If we give them a huge reduction in rent from the amount we would charge, is that tax deductible as a chari...
Anthony Freeman
Tax advisor situation
Any tax advisors that can reduced the assessed tax rate on my friends apartment building?
Jess Hammersley
Looking for Advice: Rental house in Ypsilanti
Hey everyone, I have a 5 bedroom 2 bath house with a two car garage and fenced in yard in Ypsilanti, MI. In 2019 after some life changes I went to work with full-time travel. At the time I was very new to everything s...
Joe Crupi
Landlord or Homeowner Better for Taxes?
Hope this makes sense, but was listening to episode 269 with Amanda Han and Brandon Hall, and it got me wondering.Is there any real net- benefit from owning a relatives home and having them pay you rent versus them si...
Clay Hartwig
If a condo president gets sued by tenants or neighbors. Risk?
Quick examples are. He puts up a fence around the water front so people won't go near his boat then calls it a construction area to keep people from jumping the fence. Cuts down trees not on our land. Routinely breaks...