Jasper Li
Mortgage Payment Question
I am currently renting one side of my Duplex and living in the other side. I’m collecting the rent into a business account which covers part of the mortgage. And also transferring money from my personal account into m...
Jonathan Rosario
Tax deduction if LLC owns property
First time investing into real estate. I am in the stages of purchasing a property with a traditional loan, then transferring ownership to an LLC to protect my personal assets. Once the home is under the LLC Ownersh...
Paul DeLeon
Second home purchase
I have an opportunity with a family member to jointly purchase a home for the family member to live in as their primary residence. They will pay all PITI and repairs while there. The home is in Arizona. I live in Cali...
Lacey A.
Rent to Myself
Is it legal, per the IRS, to rent my primary home back to myself? I have some upcoming repairs needed that outweigh the Homestead Exemption and plan to make my primary home a long term rental in the next 7 years but t...
Will Barnard
Health Savings Accounts
Has anyone used HSA's and if so, have you self-directed it and invested in RE? I have just recently come across this type of account and find it to be very beneficial to RE investors. It is similar to an IRA (which ca...
Joe Roberts
BRRRR Investing Tax Questions
I have a few questions when it comes to calculating taxes on my BRRRR properties I am hoping someone can shed some light on.
1. I want to make sure from my research that I know how to properly arrive at the deprecia...
Christopher Zikakis
New to STRs
I'm sure this has been covered but I'm having difficulty finding a few specific answers as I try to map out a strategy. My wife and are are W-2 employees.
The goal is to eventually have a vacation home that my famil...
Jayse Brock
Accounting for Multiple LLCs
Ok, so after a recent visit to my CPA for personal taxes, I was asking how I should set up my accounting. I have read a variety of articles on BP and they have been helpful but not exactly specific to my problem. Righ...
Jeff L.
How exactly do umbrella insurance policies work?
Say I have two properties, both under separate LLCs and insurance policies.If I get an umbrella policy under one of those insurance policies, can it cover the other property as well? Or do I need to get two umbrella p...
Don Pham
Recently Self-Employed: What income do lenders look at
Hello!TL:DR What income do loan officers look at? Total, Adjusted Gross, or Taxable Income?More in-depth: Should I file as sole-proprietor and reduce my tax liability by reducing my adjusted gross income (pays more SE...