Tongcheng Li
Can you file insurance claim for burst pipes months ago?
One of the property has a burst pipe in Jan, at the time the PM fixed the issue ASAP, but I didn't know I could file homeowner insurance claims for burst pipe at the time. Now is March, can I file claims for incidents...
Alazar Wubet
Flipping in D.C with a maryland LLC
Hey guys is there any problem if i invest in fix and flip properties in D.C but have a maryland LLC?
Montrel LaCour-Roy
Single-member LLC vs Multi-member LLC
When forming an LLC with multiple members, what are the benefits and cons of choosing to create a multi-member LLC vs a single member LLC? Initially, I am aware that a single member LLC might be easier to file taxes o...
Eric Zawadski
Partnership Tax Question
My brother and I “co-own” a triplex we just bought. Technically I own it, but we will be splitting all expenses, mortgage payments, rent, etc. All of the rent goes through me first because I am close to the property a...
David Hite
Quickbook Strategies for Notes etc.
Hey everyone! I have purchased my first note, and it is about to be boarded. Once I start getting payments, I am wondering about everyone's strategy for how to track the note within my LLC's quickbooks company file....
Cameron Marmon
Did I mess up when establishing this LLC for my wife and I?
Hello everyone,
In July 2024, I created a partnership LLC with my girlfriend to buy a rental property. We are now married and I expect we'll file our 2024 taxes jointly. We live in Texas, a community property state, ...
Larry Spradling
Tax question from a newbie
2018 was my first year of owning properties. I bought two turnkey properties and received a 1099 for the rental income they generated. I entered this info into Turbo Tax. I was expecting some tax benefits. Am I mi...
Ihe O.
Should I Rent from myself
Due to a change of circumstance between closing and evicting a holdover I am currently living in a unit that was purchased as a rental. Am wondering if I should for the sake of keeping the books straight charge myself...
Matt Lord
Rehab or BRRRR Checklist
I’m about to start my forst BRRRR property. My system is buying small-ish row homes and using the brrrr method while personally doing the rehab work.I have a very strong construction background. When I worked as a sit...
Nat C.
Can I file for eviction prior to tenant failing to vacate?
I just bought a duplex and gave the tenants a notice of 15 days notice to vacate.They don't have a lease and have paid until the end of August.They have already stated they are not leaving at the end of the month.My q...