Joe Au
Claim business expenses when filing tax
Do you have to have an LLC in order to claim real estate related business expenses? If not, how many deals do you have to do per year so that you are consider as running a real estate business?
Scott Buckner
17 - unit building, am I doing math correct? Too good to be true
Ok I am looking at a 17-unit complex in Texas. Total Cashflow $7870 per month 100% occupiedMonthly expenses including - loan, taxes, insurance, management fee, utilities, - $5200Net return per month - $2670This would...
Tony Pragosa
First House Hack – Deal Advice!
Hello BiggerPockets community!
I just recently joined, and am new to
the real estate investing field. I'm a first time home buyer, and looking to purchase my first multi family unit building. I do have a
few ques...
Brandon C.
I'll Train Your VA for Free
I want to work directly with your VA. Train them about the Wholesaling process, USA versus Filipino cultural differences, key terms, telephone sales skills and anything else that comes up.
This service is fr...
Sean Meyer
should i wait to repair until after i move from my current house and before renting
I am currently in the planning stages to purchase a new primary residence and then rent my current residence. It does need a few minor repairs and upgrades. Should I wait to start repairs until after I move to my ne...
George Eliot
Is a CL ad sufficient to prove intent to rent?
Hi everyone,
I own a house that I plan on renting after I make some major repairs. Is a CL ad sufficient proof of intent for the IRS, or should I run a print ad before starting repairs?
Thank you!
Jehon Bendokas
Seller Financing Loan Servicing
Reposting in another category since my original post didn't get much attentionI'm looking to offer seller financing on several buildable lots but don't want to be responsible for the monthly payments and tracking the ...
James Farrel
Pre-Rental Expenses Deductible?
I purchased a property this week and immediately advertised it for rent.
I am showing the unit to a prospective tenant today, but we have not yet discussed a lease date. Have I now met the requirement of making t...
Sam Marks
Tenant hired maid service, didn't pay, now they want to sue me
Hello BiggerPockets! Super small time North Carolina landlord here. I received a letter from a cleaning service, envelope is addressed to me. The notice I took out of the envelope is addressed to my tenant with the ad...
Scott Welch
BRRRR Property - Tax Question
Hey BP!I am hoping someone might be able to help or point me in the right direction on a tax question. I purchased my first BRRRR property in late October 2020. It needed quite an extensive rehab (~60k) and we will be...