I just created an LLC for my rental property, so this is all new to me. Is there any reason to pay a salary to my spouse? If I pay her, to make this simple let's say $2k a month, she'll pay taxes on that which means...
Hi all,
Happy holidays! : ) So glad to find a forum that is so lively and full of friendly members. I need some help with appraisal and would like some advice.
I own a 11-room guest house with a partner. We have bee...
I'm shopping for a property in Germany to rent out. Mortgage rates are very low here, around 1.5%, so I have somewhat of a unique situation where there isn't much loan interest to deduct from my taxes and of course re...
Hello all, New to MTR. I have been burnt this month with my first set of travellingn professional tradesmen. They all left at the end of the month with no notice and did not pay rent. My husband seems to think it is f...
Hello,
I recieved an email today from one of my tenants saying...
“My daughter's father in law recently asked me if I had your social security number for tax purposes since his construction company wrote you the se...
According to Brandon Turner's Book on Managing Rental Properties: Once tenants move in and the Deposit to Hold is transferred to the security deposit to be held throughout tenancy, is the Deposit to Hold pro rated for...
Hey BP fam, hoping to get some advice here. Issues are Legal & Tax.1) I escrow taxes for one of my properties and just received my annual statement from the bank. My mortgage includes 2 PINs, a home and a parking ...
Hello,
I was wondering what your opinions might be about this applicant. He is from out of state and showed up with his pregnant wife and 2 small kids. Seen like good people. He's starting a new job this week in town...
Hi all. We are doing our first flip where we are partnering with other investors. We've established an LLC. We found the deal and are managing the construction so the business deal is we take 25% of the profits off th...
All:
I've been investing for 16 years and am trying to thoughtfully consider the best strategies moving forward in somewhat uncertain times. Most of my career I have been in the "re-fi till you die" camp but have b...