Omid Boloori
Bookkeeping question on loan payments
Hi all,I had a bookkeeping question for you buy-and-hold folks out there. This is probably a very basic question for the pros, but I'm am just about to wrap up my first official year as a formal landlord, and wanted ...
Andrey Y.
Is my HELOC interest deductible for 2018?
I am sure this was probably answered somewhere on this forum, but I was unable to find it.I took out a HELOC for $51K, and have payed IO payment on it during all of 2018. Not sure exactly what I used this money for, s...
Steven N.
how does bonus depreciation offset w2 income?
we started an airbnb business in 2018, and invested $90k on property and land improvements, and purchasing personal property for the airbnb. Some of these cost qualify for bonus depreciation. Since we started renting ...
Brent B.
Tax Planning for New Landlord
Hi BP,I began renting my previous single family residence in San Diego CA earlier this year, in May 2019, when I bought my new primary residence in San Diego. I have not set up any type of corporate entity, rental pa...
Michael Brattelli
Insurance policies for rental properties
I would like to hear from long time rental property investors what things you believe are important in a homeowners insurance policy? What specific item coverage on the policy should be increased or decreased to have ...
Alan Bostick
Contractor who breaks things!
If a contractor breaks something new you are putting in the house (i.e. granite counter top) is that typically the responsibility of contractor to replace or is that the investor that takes that loss?Is it common or ...
Account Closed
10 Biden tax plans that will sail through a Democratic-controlled
https://www.marketwatch.com/st...
Higher maximum rate
The pre-election Biden
tax plan would raise the top individual federal income rate on ordinary
income and net short-term capital gains back to 39.6%, the to...
Anthony Fontana
Bad Debt and Credit Loss
When underwriting a commercial property, what is an example of bad debt and what is an example of credit loss (how does this differ from vacancy loss)?Thanks
Chris Connery
Splitting taxes/income between LLC members
Hi all,IS it legal for one member of a dual member LLC to claim all of the income/pay all of the taxes on their tax returns. Leaving the other partner not claiming the income/ not paying the taxes. This of course has ...
William Coet
Insurance for Loss of Rent Due to Broken Water Pipe.
Hello, A water pipe broke and caused flooding. Tenants will be out of apartment for 2-3 weeks. Tenants have put a stop payment on check and said they will prorate for when it is complete. Will landlord policy insur...