John McAuley
Expenses for homes that did not close
Hey Guys,I had several expenses this year associated with homes that we ultimately did not close on (inspections, termite inspections, etc.). Are those treated like normal business expenses against my LLC for tax pur...
Kyle K.
Exchanges and Excess Depreciation
I was reading an old BP article posted by Jeff Brown regarding the use of excess depreciation and how it could be used in replacement of 1031 exchanges: http://www.biggerpockets.com/renewsblog/2010/01/05/150k-year-exc...
Nick Bednarczyk
Capital Markets Overview !
Capital Markets Commentary
– September 10, 2024
Good Morning! Here is a quick update on the market for you:
Fed's almost certainly going to cut rates this month—traders are split on how big it'll be though.
Odds a...
Matthew Hollister
Electric locks for commercial office building?
I just closed on a big commercial office building with a few businesses inside. Does anyone have any advice for switching from manual locks to electric locks? I will not be at the building everyday to lock it up and I...
John K.
Major Renovations to Rental Property Depreciation vs Expense
So I'm looking at buying a single family house that has great numbers as a rental property. But needs carpet, paint and kitchen/bathroom remodel.
I know the Bathroom Remodel / Kitchen remodel are depreciated...
Konnor Lange
LLC Business Account - Paying Members
Hello,We have set up a business account for our LLC, owning a multi commercial property. This LLC has 5 members. Will a single account that pays dividends to members via check on an annual basis a "normal" way of doin...
Sharon D.
Converting personal residence to rental--tax questions
We bought a home in 2016. Moved out in July of 2021 and started a very drawn out rehab project. Finally got the place listed as an STR in December of 2022 and have been booked solid ever since.At what point do I sta...
Evan Haag
Trading LLC Equity with partners in multiple ventures
Hi All!I have a few investment properties in separate LLCs with the same partner. Question Up Front:Is it possible to exchange shares or stake in our LLCs to each other?For example, we both own 50/50 in entity A and B...
Ed Shin
Calculating Adjusted Cost Basis?
I've searched the forums and haven't found any discussions that address a couple questions I have about calculating cost basis of a rental property.1) I know that to determine cost basis, you need to multiply the purc...
Tanim J B.
Understanding Lease breaking fee
Can you please help with General understanding for early lease termination.If Lease says, 1. Tenant must pay early termination fee. equal to 1 month rent.2.Tenant will continue to pay rent and utilities until a re...