Freeman Schultz
Tenants and their vehicles
For the landlords who have garages and driveways what measures do you put in place to protect yourselves fromtenant who try to sublease space or allow non-tenants to park in their spaces. Do you require them to provid...
Shawn H.
Section 179 Vehicle Depreciation
If I purchase a 'used' truck (6000#+ GVWR, extended cab, short bed) this year, can I deduct the entire purchase amount on this years taxes? Purchase cost will be less than $25,000. The vehicle will be used 75-100% fo...
Bryce Nurding
Tax Questions Business Vehicle
Hello,I am interested in purchasing a vehicle for my real estate business. I have a few questions.The vehicle MUST be over 6000 GVWR right? Even if purchased under my LLC? I am looking at buying a used pickup truck an...
Jon Fletcher
Section 179 Vehicle Depreciation
Have any real estate investors used their passive income to purchase a 6,000lb+ vehicle? I'm trying to understand the full benefit of the Section 179 tax code. Using simple numbers, if I purchase a used SUV for $25,00...
Jerry Westhoff
Out of Commission Vehicle
One of my tenants has had a car sitting in the driveway for over three months and I believe the tags are out of date. I spoke with him and he said the car is broken and he is trying to sell it. Unfortunately I inheri...
Brent Hill
advertising on personal vehicle
Recommendations for where to get vinyl lettering done for the back window on my truck saying something to the effect that I buy houses, any condition?I was told by an insurance friend that once I do that, my vehicle b...
Nathan Blumanhourst
Abandoned Vehicle in Driveway
Long story short. My tenant broke up with his girlfriend and she left her car in the driveway and it had sat there for 4 months. The car has a interlock (breathalyzer). Is there anything that I can do with the car? Is...
Thiag Sivalingam
Vehicle depreciation section 179
Hi Tax experts and experienced investors,Do I need to own my rental properties under a business to claim the new car depreciation (section 179), or can I have the properties and the car in my name, and still claim the...
Jason Hanis
Unregistered Vehicles on Property
I have a 3 family property that i bought earlier this year in Bridgeport, CT. When i was getting the insurance in line, the broker had asked me if there were any unregistered vehicles on the property. At the time I ...
Kevin Phu
Purchase Vehicle to Uber
So an idea crossed my mind and I've done a little thinking about it. Wanted to see what the community's opinion is on it and if they feel it could be a good idea.General Info on my situation:Primary vehicle: No paymen...