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I'll start off. Mine would be bulk reo's tapes then multipying until I was up to 100mil. Then I would go to Hong Kong and buy distressed Skyscappers and/or commercial buildings. Please share. The point of this thr...
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I lease a retail space. First year. I put about 20k into remodeling the space this past year. What's the best way to account for that expense on taxes? It's commecial, and I don't own the space, just the biz...
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Will quit claiming our personal home's deed to my wife protect us from a lawsuit pertaining to my business or my rental properties? She is far less exposed on a liability level.
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Some background before the actual questions...
A business partner and myself recently purchased a property for rental profit. Our initial thought was to have the property under our LLC - partnership (recently created...
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Could anybody help me understand what a “good deal” would be for me here in Minneapolis / St. Paul, MN. I have a couple properties I’d like to know the numbers on. I’m looking to cover most of my mortgage with cash fl...
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Hello!
I have three tenants renting ONE of my properties. One of them wants to break the lease and leave earlier.
Should I keep his security deposit and should I keep him responsible for the rent until the other two...
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Hey everyone,So im currently thinking of putting a single family property under contract. Here are the numbersPurchase Price: $155,000Rehab: $70,000Arv: 325,000I recently House hacked my first property in New Jersey. ...
Hi, Not sure if the tax forum is the correct section to post this. Its accounting, but eventually about tax.How should Special Assessments be tracked in Quickbooks? And how do I depreciate/tax it?My HOA created a spec...
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I am a newbie to anything other than single family and I need advice on analyzing a potential buy that I just saw this morning. Here is a general summary:- Fouplex built in 1920 in Maryland- New siding, windows, gutt...