Ryan H.
CARES Act unemployment for self employed
I am self employed but usually work for cash but I saw that in most states you don't need to submit any proof of earnings or 1099 you can just apply and be approved.
Will they be asking for my 1099 or proof of earni...
Raymond Hill
Real Estate Investor/LLC Startup
Hey ya'll, so I have two business partners and we are trying to start our business as real estate investors. We first want to get an LLC. I do not know the process or steps. I went to a Than Merril event and they say ...
Bruce D. Kowal
Can I rely upon my tax preparer to avoid IRS penalties?
IRS is not shy about disputing claims to Real Estate Professional status. It's an easy desk audit for IRS. They query Schedule E losses. And if IRS challenges your claim to be a Real Estate Professional they will s...
Eve W.
Rental gain on Schedule E, wholesale business on Schedule C?
Hi I have rental, operated under LLC. I also do wholesale and the wholesale business is operated under the same LLC.
Do I report both on Schedule C as business or do I separate them, rental in Schedule E, who...
James Danchus
Adding Value First in Direct Mail Marketing
BP,Everyone says that the best way to market is to "add value first" or in other words "tell people how you can help them by helping them." It's pretty much the entire marketing strategy behind this here website. My q...
Sonja Harrell
Hello from Maryland
My name is Sonja and I am from the Baltimore, MD area. I actually live in Anne Arundel County, for those of you familiar with the area.
I have been excited about real estate for some time but finally got serious abo...
Toni Mo
Covid, rents & evictions discussion
Sergio Altomare's post included a few questions worth discussing. Interested in everyone's take. Post - Do Recession-Resistant Investments Actually Exist? (Hint: Sort Of) (biggerpockets.com)1. How many tenants are act...
Sarah D.
Cost Segregation For Appliances, etc
Can anyone confirm if I am correct in my thinking? We finished rehab of a 4 unit property and put it into service in 1/2017. I would like to separate depreciation for the following items that were part of our rehab ...
Phillip Cailey
Nursing home resident needs help selling her home.
I found a lady looking to sell her house, which is paid for. The Catch? She is currently in a nursing home and I'm informed if I buy it, the nursing home gets all the profits and she gets a measly 30 dollars a month s...
Adam Sieg
Converting primary residence to rental
I'm curious if anyone has any thoughts on this. I believe I once heard in an interview that Grant Cardone doesn't own his primary residence, he actually rents it from his business entity. Is this actually a thing? ...