Leon Meytin
Tax deductions short-term rentals
Hello all, had a few questions regarding short term rental deductions1)For those doing short-term rentals, do you typically get the 20% Pass through deduction, and if so, how?2)Do most repairs (not large capital impro...
Ben Bourgeault
What is the hottest city for real estate investing right now!!
Hi I'm interested in learning what city or state has a hot market for buy and hold as well as fix and flip.What are you thoughts?
Zocky Zhang
Sold my house profit tax reporting
Me and my wife bought a house in Philadelphia in 2016 when we were renting a condo in Maryland. We managed to sell the house in 2019, then immediately used part of the proceed as down payment for our new house in Ma...
Kyle Seidel
Tax Implications for Moving out of My Owner-Occupied Duplex
I currently live in an owner-occupied duplex and will be moving out next year and then renting my side. I have some questions and am double checking what my accountant has done so far.1. My side is 3 bedrooms. I have ...
Victor Trujillo
My plan, constructive criticism is welcome
Hello there! Thank you for you time. As the title suggest, I'll be sharing my plan of action. Do post in the discussion where I can improve upon it, or perhaps what you'd do differently if in my shoes.I'm a couple of ...
Jillian S Young
Newbie seeking guidance
Good day all, straight to the chase . I am new to the investing market and looking towards buying and holding . I would like to purchase 2-3 homes over the course of the next 6 months. I’ve been preapproved for 900,00...
Joshua Saunders
LLC Setup for STR Business with Stay-at-home-spouse
Hello all, I'm needing some advice on LLC Setup (or not) for a STR business. Here is my situation:- I'm a W2 employee that earns north of $500k a year- My wife is a stay-at-home-spouse- I'm looking to buy ~ $...
Drew Kimminau
Partnership Income and Expense (As an agent)
Hi everyone, so I have a partnership question. For the background information, I am in a partnership with my parents for buy and hold investment properties. I just recently got my sales agent licence because I want to...
Sunny D.
Taxes (rental home gains)
AllI have a rental home in Folsom that I recently started using a PM for. The rent is 2095 but only cashflows about 100$ PM as i have a 15 year mortgage. I have an equity of 250K plus in the home now, so I am ok that...
Michael Gee
Deal splits with team members
Hi everyone! I wanted to get some input from people about how they split their marketing costs, profits and how they handle it amongst their REI team. Right now, there are three of us who want to run a wholesale bus...