I am managing 4 rental properties that me and wife owns. All of them are LTR, I do have a full time job so this is something I do outside of that.
Regular activities include yard work, small repair & maintenances...
What all can I deduct as business expenses? I closed on my first rental (a duplex) yesterday and want to make sure I maximize all my deductions. Can i deduct internet, cell phone, office supplies, car insurance (if ...
My wife and I have an LLC which holds a small portfolio of single family homes. I am considering purchasing a vehicle to be titled in the LLC. My thinking is that the deprecation + gas + insurance + maintenance i...
Trying to assess whether we should buy a car or lease a car. Breakdown of our current situation:1. we have one car (only need one car)2. we drive less than 10,000 miles a year3. we use the car more than 50% for busin...
Hello:
Newbie investor here. I have two properties that I am self-managing and planning on adding one triplex next year - this one requires a rehab. I have been reading that for the purposes of managing/fixing the pr...
Hi!I am reaching a point where I badly need a new vehicle. I can afford it, so that is not the issue. My question is about what the most practical vehicle type would be. I am looking at either a truck or an SUV-type...
Hey BP members. I am having a great deal of issues getting renters to sign an application to see if they qualify before showing the property. It seems like renters want to see the property before they file an applicat...
First time investors here! In preparation for applying for loans and financing, I am trying to work through how to best apply my tax refund to work for me. Basically I have narrowed down to, pay down our only vehicle ...
Hi guys! I can’t seem to find any info on this: I leased a car from a private owner and he has been sent off to prison and I guess for a while. He hasn’t tried to contact me and I can’t find his family anywhere to try...
Hey everyone. I will be needing to purchase a truck in the next weekend or two and plan on purchasing it and using bonus depreciation to offset my income. The vehicle will not be over 6,000 lbs (likely a Toyota Taco...