Caleb Gray
House Hack Improvements on Personal Side - Tax Implications
Hello BP,I recently did a small amount of improvement (<$1000) on one side of a duplex that I am now living in. Projects included installing vinyl plank flooring in two rooms, refinishing kitchen cabinets, and inst...
Brett Loetz
All in the same LLC?
I have two rentals and right now I am about half way done with my 2nd brrrr house. The rentals are owned by my LLC just for them. I am wondering should I be operating a second LLC for the management side? I do a lot o...
Dale E.
LLC basics - the paperwork and accounts
Quick basic few questions on an llc:- I am getting a loan under my personal name and plan to then transfer it to the LLC. I am aware of the Due on Sale clause risks. I am wondering how it actually gets placed under th...
Tony Zhang
Where does anyone open their business bank account for your real
Hi Where does anyone open their business bank checking account for your real estate business/LLC? Any recommendation?
Michael S.
Money Order Fees - Who Pays?
If you accept money orders as payment, do you generally require the tenant add an extra amount equal to the cost of cashing the money order? Or is that something you, the landlord, pay for?
Rob Chang
Tax Implications for Renter Paying Full Year?
Hi, I am new to the Bigger Pockets forum and to REI. I am an "accidental landlord" and am renting out a townhouse that was my personal residence. I decided to become a landlord because my townhouse development is st...
Jonathan Farber
Can I trust virtual assistant with credit card info?
Hey all, like many people here, I am looking to delegate/automate some tasks through the help of virtual assistants. Through sites like Freelancer and UPwork, I have found great help for about 20 projects. Things li...
Chris Waugaman
Rental Property Depreciation Tax Question
Hi All-
So I purchased my first rental property 2 years old. New construction townhome. My question is about Tax write offs. So my account has told me to not take the yearly depreciation on the property for my taxes...
Simond Wong
Pls, Advice to transfer mom's property to me (Pennsylvania), TY
Happy FriYaY BP Fam, Thank you for your time
Scenario:
My mom has a Philly rental property that and would like to transfer house/deed from my mom to me and my sister. We ultimately want to then put the house under...
Marcus H.
Set up Quickbooks for real estate investing/rentals
I'm a new real estate investor, interest in purchasing multi-family properties and renting them for the long-term. I have Quickbooks Pro 2016 (desktop version) and I'm looking for advice on setting it up for my busine...