Dean Valadez
Question on write-offs and do's and don'ts
Can I:- Purchase clothes (pants, shirts, socks, coats, jackets) that I would wear for doing renovations/rehabs and write them off? - Shoes, boots?- atypical tools, such as a knife or flashlights?- iPads or other such ...
Robin Duhon
Starting an LLC for real estate
Any input on starting an LLC for real estate? We are active duty military, currently own a rental property in Louisiana (where we are originally from), live in Florida, will be moving to Nebraska next year, and will l...
Miki M.
Commercial Loan for first property under a brand new LLC
Hi there! I found BiggerPockets through their YouTube videos and became a fan and decided to become a member here, and I just wondered if anybody could give me advice.After reading several books by Robert Kiyosaki and...
Kelly Flatt
Sell homestead or convert to long term rental?
Hello BP,We are upgrading our personal home and trying to decide whether to sell our current home tax free thanks to homestead or turn it into a long-term rental. Does anyone have a concise formula for this? With no r...
Jose Garcia
Big Decision to Make
My wife and I are just starting out as Real Estate Investors and are looking for our first deal. Trying to get creative with our financing we ended up selling our house. However thinking that we should get settled f...
Sharon D.
Will documentation issue for S-corp prevent us from getting loan?
We're getting ready to make an offer on a property that will become our personal residence and have a couple of questions for mortgage pros.Background: we are both employed through an S-corp that we set up at the end ...
Leah Brooks
STR Regulations and workarounds/ getting a permit
Hi everyone!! My partner and I are investing in STR in upstate NY and we just received an accepted offer out of over 25 offers, we are beyond excited. This is our first STR in the investing journey, however the town w...
Joe S.
Tax and accounting question
Tax and accounting question..A number of years ago my wife and I purchased a house and placed it in our personal name and not an LLC. Since then we have opened an LLC or two :-). This particular property is still in o...
Ron T.
Who should pay for dishwasher repair?
Hi All,I have a SFR where the dishwasher wasn't working well so I replaced it with a new one. Now about a 15 months later the same tenant says that the dishwasher isn't working and think the motor is burned out.My re...
Mohammed Mellity
partnering with a friend
I am planning on partnering with a friend of mine I used to work with. He is also into real estate and we are planing to flip houses. We are going in with the same amount of money and we both will be managing the proc...