Billy White
Lost of income ( RENT PAYMENT ) on rental property insurance
Have anyone file on their insurance for lose of income on their rental property and how long of lose income and when to file with your insurance company.
Eric Veronica
Writing off business expenses as W-2 employee
Wondering if anyone has been as negatively impacted by the new tax laws as I have and looking for a solution. This question is directed towards other CPAs, loan officers or any other commission employees who are paid...
Larry Alexander
Is State Farm Ripping Me Off?
Colorado Home Single Family Homes1.) New construction SFH 2145 sq ft | 4 bd 3 baInsurance: 593.00 on a 359k home
2.) 2003 SFH 2048 sq ft " 4 bd 2 baInsurance: 799.00 on a 330k home
3.) 1993 SFH 2184 sq ft 4 bd 3 baI...
Stacey Bochenski
Landlord Insurance after a Claim
I have moved out of my primary residence and intend to rent it out in California. About a year ago, I had a water line break and cause $18k of damage; I filed a claim with my insurance (AAA). The renewed my homeowners...
Jasmine Anderson
Taxes for my single member LLC
Tax question for accountants, CPAs, or anyone that has knowledge on tax law: My LLC was formed late in 2015. Before the entity was officially formed, I had expenses that went toward my real estate business (RE courses...
Nick Lee
Is seller finance tax deductible?
Hi Guys,If I buy a deal with seller finance can I deduct the interest payments as I would with a standard mortgage?I know you should not count this phantom income and I will not factor this in to anything. Just wonder...
Rahul Sivaswamy
How to budget for Lease renewals and Tenant replacement
Hi all !I am new to real estate investing and have just started analyzing deals. I have analyzed around 15 delas so far and all have resulted in negative flows. I am wondering if i am being too conservative on some co...
Jasper Cooper
How do you hire your kids?
Hello,After hearing about it on Tom Wheelwright's podcast, I want to hire my daughter to help out with our real estate business. She is a mature 7 years old, and would do great at cleaning the hallways and common are...
Pete Fiannaca
To turbotax or not to turbotax
Hey Everyone,
Quick and relatively simple question. I own 1 SFR in addition to my primary home that I live in. With being so new to the game, should I consider using an accountant for taxes this year to ensure Im not...
Amanda G.
Quarterly Taxes- when did you start?
I'm cheap (ahem, frugal) and I've been doing my own annual taxes. At what point do you need to start paying quarterly? I have a W-2 job, and happily the rental portfolio is growing.