Marija Petrovic
Second FHA purchase Duplex San Diego
Finally, on June 2, I closed escrow on my property purchase in San Diego—a significant investment goal I had been working towards. While this accomplishment is exciting, the process was strenuous and challenging. Toda...
Daria B.
Replacing a microwave….
If a tenant has 2 months remaining on a lease, who has not paid rent since 9/2021 and has no plans on paying (and is working) but has had state funds from COVID who finally paid the late rent, complain about a non wo...
Kris Clig
Qualifying as a Real Estate Professional - 750 hours/year
MY QUESTIONS ARE: (Note - Background information can be found at the bottom if needed. And thank you in advance for any advice you can offer. I really appreciate it.) 1. Does the time it took me to sell my first prope...
Alex Xu
Can I use my investment property to operate a business?
Stupid question? Maybe...I'm in the process of buying an investment property (single-family). I plan to open a business using this property. Can I create an LLC for the business and rent the property to my business? I...
John Watson
Allocating common deductions when you own multiple properties
When I have a common expense such as buying a tool (i.e. a lawn mover) that I use for multiple properties, how do I allocate the deductible expense to the multiple properties I own? Based on net rental income?
Carlos Araujo
Need so advice to start flipping
Hey guys I'm new at this, I'm looking to get in to flipping, I live in New York City I have roughly 20k liquid and I have a 780 credit score, any ideas on how to start?
I always see this shows on how to flip real s...
Shelli Neal
Forming my company
I have been in business for a year after forming an s-Corp which the flipping gurus told me to do... It is very expensive and from what I learn now, unnecessary. I should have formed an LLC for my flipping business.S...
Christy Osterkamp
Exemptions to Tennessee Franchise and Excise Tax
Hello Fellow BP'ers,
As a fairly new Tennessee LLC, we received a "final notice" from Tennessee Department of Revenue requesting $646 for Franchise and Excise taxes and late fees.
When I called the Dept of Revenue, ...
Mark Dreher
Property Management common practice procedures in Cleveland Ohio
My wife and I own several SFR rentals in California that are being managed by a third party property management company. In California, our tenants pay all of their own utilities that are placed in their own names at ...
Dru Steeby
Deducting Capital Expenses and Maintenance
Hi BiggerPockets,I have a question about taxes that I can't seem to find the answer for on google. In my breakdown of my rental property I put away 5% for CapEx and 8% for maintenance. If I do not use this money in a ...