Uday Raju
HOA - recreational vechile voilation
Hi All,
This is my first property as condo and I have a tenant placed, I am receiving multiple violation letters from HOA board. Its becoming stressful and also given in this unprecedent times.
1) first violation ab...
James Miller
Do you use expenses or mileage reimbursement?
New member here. I just posted in "new intros". I have a question. I started managing some properties my dad and I own. They are spit into several LLC's. The vehicles that will be used in the management and upkeep of ...
Bryce Nurding
Tax Questions Business Vehicle
Hello,I am interested in purchasing a vehicle for my real estate business. I have a few questions.The vehicle MUST be over 6000 GVWR right? Even if purchased under my LLC? I am looking at buying a used pickup truck an...
Nathaniel Sconiers
Allowable purchases with LLC account
Can a LLC account be used to pay for a vehicle partially (at least 50% time) used for business use?
Thomas Wang
Can I limit number of parking spaces for my rental?
How do I handle this situation? I have a tenant in Colorado Spring might be running a car repair business from my single family rental home? The tenant denies it but I found about 8 broken cars parked by the house. Ca...
Maddy Blair
Underage driver totals rented garage stall. What party is liable?
Good day, In Minnesota, an underage driver (child of a another tenant in building) crashed a car into a vacant garage stall. Four unattached to the building garage stalls out of six impacted by this. Caretaker advised...
Chetan Vihite
Buying vehicle under LLC section 179
Hello Fellow investors, newbie question here. I am planning to purchase a vehicle that weights over 6k, my question is:do I have to buy it under my llc to take advantage of section 179? or I can buy in my personal nam...
Nick S.
Pay off Student Debt or Invest
I am 24 years old, just graduated, and I recently settled in personal injury lawsuit and will be walking away with around $20,000 in my pocket. I currently have $10,000 on a lease on a car. The lease is still going f...
Andrey Y.
Rental property mileage expenses
I was wondering if you folks are deducting mileage expenses from driving to and from your rentals, for the purpose of showing the property, placing tenants, and doing repairs. To clarify, this is not with a business '...
Nelson Tamayo Carralero
Tenant’s car damaged
Hello everyone I am a new investor in need of advice. A couple of months ago I bought my first house with the FHA loan. There were some repairs required by the FHA for closing but the previous owner refused the do the...