Christopher Hile
Benefit for paying contractors through an LLC?
Is there a benefit, tax wise or other, for paying all renovation costs to the contractor including materials through an LLC for real estate investing? Or is it more beneficial to pay personally and direct to the contr...
David C.
Is a Property Manager an employee or an expense for an LLC ?
For those who use a property manager (particularly for out of state rentals), do you have to have them listed as an employee of your Single member LLC, or can you consider this as an expense(not an employee) to the LLC ?
Wendy Schultz
Do you consider mortgage payments an expense?
I've debating in my mind if I should consider the mortgage payment in my expenses when determining profitability. Only the interest is truly an expense but a mortgage payment certainly impacts cash flow. How do you de...
Chris L.
New to investing, looking for input on house purchase
0 votesNo votes yet
Hey there! I’m new to investing in Durham and I am thinking of buying a neighbors 3 bedroom house near Duke. It’s not going to be a steal because it’s close to Duke, but I think it might be easie...
Benjie DeVera
Advise Needed from Lenders: Tax Returns Weight on Loan Application
Hi, I'm currently working on my 2014 taxes. This 2014 taxes will be the most complicated one by far, with itemizing RE expenses, etc. I do have an EA doing it, so I'm just trying to plan for 2015, as I plan to purchas...
Ben Aaron
How i use my CC in 2023 to maximize my ROI
Hey All!
I have been in the game for the past 4 years, started like most people here with not a lot of my own capital. I was always in the look for ways to increase my ROI so I could do more projects.
Fast forward t...
Christopher Mooney
Average Expense Ratios on LT rentals
Hey all,Have a portfolio of 6 properties in Cleveland, OH and as I'm looking to scale, I'm trying to better understand the numbers and essentially take a more active "Asset Manager" type of role, while allowing my pro...
Justin C.
simple bookkeeping question - credit cards
If I charge $500 at Lowes for supplies and list the entry as a supplies line item, then where does the credit card payment go? Can't wrap my head around this one.thanks in advance
Brian Hunsaker
Wondering how to minimize taxes owed to IRS from rental properties
We have 3 rentals, and Turbotax says we made about $27k off the 3 combined last year, so I ended up having to pay the IRS $8k. Currently the tenants pay us directly to our bank accounts. Would we owe less if we set up...
Brandon Boyer
Oklahoma Expenses and utilities
Hey Oklahoma,Lets talk expenses. How are yall handling the utility bills do the tenants pay, are yall billing them back, or has anyone can up with another creative solution? Are there any unplanned or unseen expenses ...