Hello all,I'm planning on making my first home purchase soon (within the next 30-60 days if all goes well).I am planning on house-hacking - I have some friends willing to live in with me at the house I buy and they ar...
I have cash sitting in a tax deferred IRA account. I am looking for alternative tax strategies to use in investing these funds for real estate investing. I realize by taking a cash distribution it would be considere...
For my current rental property, I file a Schedule E each year. And I have to track all expenses and income to do so.
Once I set up and fund an SDIRA via transfer from a regular IRA, what are the reporting req...
Where do you put the tenants deposit? Is it OK to keep in the business account or does it have to be placed in a separate account from the business? Example: we have a business account at Chase with a checking and two...
I am trying to get my barrings straight on taxes, fees, etc. associated with short-term rentals. In my state short-term is considered less than 30 days. According to my reading once classified as a short-term stay I...
Hi, I hope you’re well.
I am currently 22 years old and recently graduated with my bachelor’s in accounting. I am currently taking the course to become a licensed real estate agent. I currently work a W2 Internship a...
I have a rental i just put on the market 5/2/1 2000 sq ft. It's the first time I am encountering applicants with very low credit scores, several children, and no bank accounts. 2 divorced women, 6 kids, no alimony, ve...
I'm a MD resident and have rental income in Philadelphia, do I need to file and pay PA state income tax and get refund for the PA tax from MD state tax?
Hey BP,So I just started with my first property in January of this year. I have it in my name currently (No LLC or anything else just yet). I'm having this property managed by a professional property manager. I'm g...
Hi, I was wondering what people used to track the income, expenses, late fees, etc for their rental properties. I have 5 units currently and am using a word document I created to track everything, but it is getting q...