Konrad R.
1031 and LLC
I'm just starting out, so I haven't setup my company structure yet. I've read a few people that suggest just putting the properties in your name and then maximizing insurance. I would like to have more protection unde...
Eric Buckland
Weathability or Provision - Bad Experience
Don’t pay them for their services! Read Tom’s book and then hire your own local CPA for any additional support. The $15,000 service that I paid for is not worth the value that was provided. I had already read Tom's bo...
Navid A.
Mileage deductions in a multi-member LLC
Hey BP,
How do mileage deductions work in a partnership structured as a multi-member LLC? Are the miles I drive only deductible to my share of the rental income or is it deducted from the total income of the LLC fir...
Account Closed
Big refund or owe a little
As a tax return preparer, I run across people that deliberately have more withheld during the year than necessary as a kind of forced savings. Others that initially work at owing nothing or paying a little at year's ...
Jack Zuchars
LLC for personal residence?
Hello Forum
I've read and reread about setting up an LLC before buying a property and it's advantages. Just spoke with my CPA and as per her, getting a mortgage on LLCs name has gotten very hard. Is it true? What's th...
Tony Rodriguez
1099 S primary residency qualification taxable gain deduction CPA
Hello, I have a 1099 S taxable gain deduction question.Background:I own two homes free and clear, I’ve owned property A for 12 years and property B for 3 years. When I purchased property B I moved in it to rehab it fo...
Danny Ondik
How to maximize tax returns for rental properties?
Hello All,This is my first year owning rental properties and was fortunate to buy 2 small properties. What should I be doing throughout the year to best maximize my tax returns each year? Any tips, advice, things to k...
Travis W.
Young, motivated, new... and maybe on the right path?
Hey there, just making my first forum post. So I'll cut to the chase. (I am kind of a go-getter lol). Some background: I am 24, have been passively following real estate investing forums/topics for about 2 years.. Las...
Anup Shah
Process to lend to partners with interest (WA state)
Me and my partner do BRRRR on properties locally. For most of those properties, we take HML and refinance once rehab is done. Now, I have some money coming in which I want to lend to buy a property and charge some rat...
Casey Miles
Vetting Commercial Tenants
How do you guys vet your prospective commercial tenants? Do you use a service? I have a small local wellness center interested in a space I have. I assume they have an LLC. I just recently bought the property and my e...