Natalia Davis
My roommate paying me for the room, is considered income?
When I will be renting a room or basement in my house (that I will be buying as primary residence), I’m planning for the roommate to just zell me the monthly rent directly to my back account. Are this funds taxable, d...
Vickie Chambers
Reimbursement for Utilities
Taxes: Where to manually input a Utility Reimbursement that my Property Manager put in Box 3 (other income) of the 1099-Misc? I’m using TaxAct btw.
Nicole Wahl
LLC Taxes
If i've filed personal taxes and listed my LLC as self employment is that all the filing that I need to do since LLC's are pass through tax entities?
Daniel Mills
Buying RE with a partner using conventional loans
Hi guys,I ran out of conventional loan slots. But, I have formed a partnership with someone who still has 9 left (he owns his personal residence). How do we buy property with his loan and my money? I know that some pe...
Jackelyn Usi
Book keeping and property management software
Hi BP Canadian investors!
I just bought my first rental property. Just wondering if any one has experience or advice about book keeping and property management software recommendations.
Has anyone opened up a separa...
Wilson Liu
Business Bank account interest and bonuses
Hi BP,
Closed on my first property with a partner this month! 🎆
We're looking into setting up a business bank account for our two member LLC. There are many bonuses available for business checking accounts that g...
Mike Reynolds
In laymens terms please
I have a question that I cant seem to get answered just right from my broker. A search has turned up nada here too. Lets say I make 50k/year and have an IRA also at 50k just to keep it simple. If I do nothing I pay ta...
Adam Robinson
Monthly Repair Costs - Passive Income
Greetings, I always hear people say “it’s not always passive” when talking about real estate investing.
I’ve seen several posts on social media where they’ll be a downed tree on the property, a few shingles blown of...
Maureen Campbell
Will co-signer hurt or help my mortgage rates and/or loan limit?
I am planning to purchase an investment property with a partner, but I am trying to determine whether I should take out the loan in only my name. He has excellent credit, no debt and will be providing the down payment...
Adam Jaspon
Is an LLC or a S-Corp the right entity for a rehabbing business?
I'm currently a landlord and utilize an LLC for that side of my investing, however I'm preparing to start a rehabbing business and I'm unsure whether an LLC or an S-corp will be more beneficial.Any advice is much appr...