Hello all,
I am interested in the topic of asset protection via an LLC. I am also interested in all of the tax benefits/advantages associated with claiming business expenses, so…. forming an LLC for a rental ...
Starting a new lease for small house with old w/d in basement . If it breaks , I don’t want to replace it . Being that I’m renting the house out with a W/d , am I responsible to fix or replace ? How would I word it ...
Hello BP family!I’m active duty military and purchased a townhome in Hawaii Jan 2017. I’ll be relocating to Germany but I’d like to rent the property out. There’s only one thing! I was recently told that if I’m not li...
Hey everyone! Been a while since I was on. I want to know what to expect come tax time. I started my L.L.C., and have a business checking account for it. For the entire year of 2009, I have been and will continue ...
I'm looking for any advice on how to use my equity from a property I co-own. It's a single family house, and I would like to use a HELOC for re-investing purposes but I do not want to have my co-owner be responsible f...
Hi everyone,We have a tenant that is getting an Emotional Support Dog in a condo in Michigan. The complex does not allow dogs but obviously cannot do anything about a support animal. We also cannot ask for an additi...
Getting ready to close on my first house-hack and will be inheriting tenants. Very excited! Here's my question. I was just looking over the lease for these tenants and it only lists the adults as occupants. I know th...
This is regarding a 3-bedroom, 2-bathroom townhome in the Chicago west suburb area. The townhome association charges a $100 fee annually under the name of the Tenant Administration Program (TAP), regardless of whether...
What fees are associated with assuming a commercial mortgage and how long does the process typically take?This is a prospective property in Georgia I'm looking at.
Even if you have strong positive cash flow from your rental real estate, chances are you still have a loss for tax purposes due to the depreciation deduction.
This is a great tax strategy because your positive cash...