Ryan Marker
Separating rental income and expenses
My wife and I have owned 1 rental property for the past 5 years. So far I've managed to keep good records and receipts for all transactions relating to the rental. I'm looking into the best method for me to keep the r...
John Acklen
Conversation about Vacancy being "Healthy" for an Asset
I was having a conversation the other day with a good friend of mine who is in the development and asset management world about a property I'm interested in purchasing. The property is currently 100% occupied with se...
Bienes Raices
LLC start up costs--reimburse?
I know this is kind of an odd question, but is the LLC required to reimburse me for its start up costs (since I paid for those in my own name)?
For example, the formation company offered a discount for buying multip...
Matt Hunter
W2 depreciation offset
Hello, I am new here and looking for help. If this is the wrong platform forgive me. I am an active three year STR investor with 4 current STR properties. In January of 2023 my business was sold. :) Unfortunately,...
Michael Spindler
Is it smart to use a business credit card
Is it smart as a beginner without large amounts of capital to open up/use a business credit to fund a portion of a deal? Anybody do something similar to this?
Reesey Ann
Break in in broad daylight
Last month, while someone was cleaning out our property in the Auburn Gresham neighborhood, the place was broken into. The person stepped out briefly to get supplies, and during that time, someone broke in. There wasn...
Robert H Hilbert
Claiming an LLC Tax Write-off before the LLC IS created
I am a beginner am reading my 1st R/E book (by Brandon Turner), and building my goals and plan. Can I claim LLC/S Corp expenses, such as classes/examination to get a R/E broker license, if I incur them before I creat...
Nate Byers
Retroactive Cost Seg Study - RE Professional Status Difference
Individual invests in multiple real estate properties for 5 years while running their business. In 2019 they buy more properties after they sell their business. They do NOT qualify for RE Pro status.In 2020 they quali...
Account Closed
Leasing a commercial property to show you mean business
Hello BP community,I'm at a stage in my real estate investing business where I think that I need to have an actual business location. I am a fairly new investor and I'm not sure if I should be paying that cost to leas...
Jay Gibbs
Properties purchased in personal name on behalf of business.
Hello Everyone,I have a tax question that has been bugging me because I cannot get a clear answer. So in 2021 my partner and I purchased 2 properties in our personal names on behalf of our business. Our business also ...