Ivy A.
Are Inspection and Appraisal Cost Deductible?
I paid for an inspection and an appraisal for the deal that eventually failed through. Are those expenses tax deductible at the end of the year since I didn't end up buying the property?
William Walker
Buying a house that’s rented out to businesses
There is a house for sale that is rented out to a few separate small businesses (hair dressers, etc). Initial numbers look good. I’ve been in the SFH long term rental game and I’m familiar with how to analyze, but not...
NA McClure
Bonus Depreciation treatment with non-spouse LLC Partnership, one is REP?
My business partner (non-spouse) and I are 50/50 owners in an LLC that owns a residential ST rental. We purchased the property in 2021 and put into service, after a renovation, in Nov 2022. Opting for residential rent...
Sipan Y.
LLC Setup, LLC Location
I live in California and I am planning on starting fix & flip business in California. Need some advice on setting up a single member LLC. Is it a good idea to use Incfile website to setup a single member LLC? I wa...
Roger Mace
Should you refinance a DSCR?
Refinancing loans with a focus on Debt Service Coverage Ratio (DSCR) can be a strategic decision for businesses. Here are some situations when refinancing might be considered:
1. Improved DSCR: If a company’s DSCR ha...
Joseph Barbaretta
Early tax question -- Do I deduct my expenses if...
So, I'm in the middle of flipping a house. Its taking longer to get it on market than I'd like. It probably won't close until after the new year. So, if all my expenses happen this year and I sell the house next ye...
Sam Zawatsky
Is any LLC really worth it or even necessary?
I am currently looking to do my first BRRRR deal, and I noticed that a lot of Hard Money Lenders will only lend to an LLC or other business entity. Upon realizing this, I began researching and have learned that it can...
Richard Bohl
New Member on Long Island, NY!
Hello everyone!My name is Richard Bohl, I am currently 22, although I will be turning 23 on Monday. I currently reside in East Meadow on Long Island. I became interested in real estate after looking into apartments or...
Jeremy Zindel
Business overhead expenses on a Schedule E
Just wondering what the correct way is to handle business overhead expenses for my rental properties when it's time to account for those expenses at tax time? (i.e. cost for business PO box, Quickbooks, miscellaneous ...
Samuel Scott
Looking for Business Partnership between Investor/ Contractor.
Hello,I’m Sam a Licensed Contractor in San Diego, CA. I’m looking for a business partner/ investor to invest on what could be a great mutual deal between an investor / contractor business relationship. So, here’s the ...