Dustin Nygard
Filing taxes with a rental property in the back yard
Hi everyone. There are two houses on my property. The main house is 1600 sq ft that my family lives in and the house in the backyard is 800 sq ft and is rented out. We have put a lot of money into our property since b...
Michael O'Brien
Primary residence and renting - 20% pass through deduction?
I just bought my first house and was wondering if it would be beneficial to make it an LLC for the 20% pass through deduction. My girlfriend is paying half the mortgage which would come out to a bit over 5k per year. ...
Aaron Francis
Tenant who is relocating without a job but lots of savings
I have an application from someone who is relocating from out of state. He doesn't currently have a job (a couple jobs pending), but he has 3-6 months living expenses in savings. Anyone ever rent to tenants in similar...
Alecia Loveless
Income Requirements for Section 8 Tenants
I have my first Section 8 applicant. Their voucher covers the entirety of the rent but I’m curious what type of income I should require for approval as what they report for their monthly income is so much less than I ...
Devin E.
Returning receipts with deposit
Hello all,
I am returning a tenants deposit minus all repairs and I wanted to know if it is standard practice to send the tenant copies of receipts for all work done with the itemized statement? FYI; I'm located in C...
Vincent M.
Buying appliances for my first flip.
Hello bigger pockets
I am currently in the middle of my first flip and I am planing on buying my appliances during the Black Friday deals. I have some options on which direction to go. Since this is my first flip I ...
Tom M.
Late Fees in California
Whats the standard late fee in california for a room rental?
Doug Haisten
Does anyone have a double closing contract for both sides
I am speaking with a closing attorney to get them to do a standard double closing. I define standard as when funds from the B-C transaction (me selling my interest in the A-B transaction to buy a property) are used to...
David Epstein
Real Estate Investor - Standards Deduction?
BP friends,Just want to get your take on things: I am fairly meticulous when it comes to record keeping (or at least record keeping catch up around tax time) and still find myself looking at a better deduction using s...
Jeremy A.
To take a loss? Break even? Or take a profit? -Come tax time
Hello everyone, I fully understand that every situation is different because of personal income, rental income, differing states/taxes and even marital status plays a roll. I believe that I have a strong grasp on taxe...