I'm currently house hacking a duplex and I don't have a LLC. I recently had new windows put in ($5900), will I be able to write them off on my taxes even though I'm not technically a business? Cheers!
So I found this strange deal. Haven't walked through yet just received info from realtor. So this multi unit is a 6 unit one 1 bed rents for 500, 1 bed rents for 550, 2 bed rents for 575, 2 bed rents for 610, 3 bed re...
Not sure if posted to right forum but I have never been organized. I'm a great creative deal maker and initially flourished with operating on the fly. However now, with many rentals, real estate contracts, flips, and...
Looking to buy a multi family (3 unit) owner occupant this year. Goal is to live in one, long term rent one unit and short term rental the bottom unit. Im reading the book on tax strategies volume 2, and I’m learning ...
Newbie question here. As I research REI I keep coming across the term "per door" but it seems to have different definitions. Let's assume we are talking about a typical 3/2 single family.In one article it is suggest...
When I was starting out, I was told about the difference between owning & PM'ing. I didn't realize it until later, but it super helped when I realized there's the following main skills everyone who aspires/is a r...
Hi- I am just starting out and plan on using the Profit First banking method. For my first property I will open five bank accounts. Three of these will be for the entire business (when I eventually have more STRs) and...
My husband and I co-own an investment property with our daughter which we are now renting out to tenants. My husband and I have also mortgage on this property. Our daughter’s name is not on the mortgage even though sh...
Good Evening, I currently own a duplex and live in one and rent the other. I am trying to calculate how my rental unit is performing, but the rental property calculator seems to only work if the entire property is ren...
Hello BP!
Have theoretical questions. I'm oversimplifying a LOT here just for the sake of questions, and I'm curious to know how other people view this.
If we broke down the GP into two roles - fundraiser & asse...