What would be the rationale for making a loan with a promissary note from your personal name to your LLC instead of just making a capital contribution? Is there some tax advantage to doing that? It seems simpler to j...

Hi everyone:

How can you know if a Schedule E being presented is accurate and not bogus?

Thanks.
Peter.

I am currently house hacking and want to know what the best way is to maximize return on Schedule E. 1. Dividing expenses - I see some post saying that I should just divide the unit by half. In my case, my tenants spa...

if a property is quit claimed to me do I get the tax write off benifits when I fill my taxes?

Real Estate rental income is earned when a real estate is leased for rental income generation. Rental income generally is treated as unearned or passive income for income tax purposes. Rental income is reported on Sch...

Hi everyone, As I understand, every time that I purchase a rental property, after it rented, and I want to purchase the next property. The bank can take 75% from the income of the first property and if it covers the (...

Can someone provide more context to statements like: our loan will never report to a credit bureau because it is a private loan so DTI will not be affected....won't it show on a fraud credit report, the deep dive repo...

Hi, I own an unimproved lot and capitalize HOA fees and property taxes every year to increase the property basis by amending my taxes and adding something like the following “magic” text as required by the IRS:
“For ...

Let's say you show a $500 annual profit after deprecation on your rental property on your taxes, wouldn't the lender divide that $500 by 12 and add that to your monthly income? I'm trying to figure out how much to cla...

I need to see which way would work out better to refinance my building. I own a mixed use property and majority of the property is for my vacation rental business.

Would it be better to show a bank as if it were a ...