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Re: the travel mileage deductible expense, does the entity reimburse the owner?i.e. I have a multimember LLC taxed as a partnership.For one trip using my personal vehicle for the purpose of renovating one unit at an a...
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Hello all!What tax strategies can I utilize this year? I am a full-time W2 employee and part-time real estate investor in California. I invest locally and out of state in fix-and-flip and buy-and-hold properties. This...
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Hi, my husband and I are the only two members of an LLC (partnership status for tax purpose). The LLC owns a property outside the state where we live. We have a dedicated office in our primary home that we use exclu...
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The attached is my first attempt at a business plan. I would love to get feedback from the community. It is still a work in progress, so I welcome any and all feedback.
http://www.biggerpockets.com/files/346/downloa...
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*This link comes directly from our calculators, based on information input by the member who posted.
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A multi-part question answers or insights to which are much-appreciated ...Part 1: Deductibility of ExpensesAre ANY typically-allowable [write-off] expenses and/or capitalized/amortized expenses in a taxable context (...
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Hello BP Friends,There is a 12 unit apartment that I came across which is really nice. The current owner has owned the property for a little under a year and has updated the entire interior with new carpeting through...
This Monday I'll be negotiating a salaried position with my employer as an analyst/agent. My employer acts as a broker, investor, and consultant on self storage facilities. I anticipate a compensation plan that includ...
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Hey BG community,It's that time of the year again for taxes! Since I only had a W-2 and one rental property income, so it looked straight forward enough to do it all by myself on TurboTax, right? By pure procrastinati...
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I’ve recently come across a potential fix and flipper or fix and hold apartment complex. How do I go about calculating comps on a multiplex? How do I determine the ARV? According to cad they are multiple sizes and the...