Selina Chambliss
Home Office Deduction
Can you claim the home office deduction if you don't have a business license? We have one rental property that we manage ourselves. We currently don't have our license. We do use our home office exclusively to work on...
Steve S.
App for Tracking Travel and other Rental Expeses
1) I'm sure there's a thread on this already but i didn't see it with a quick search.Any recommended apps?2) At what point can i start logging miles to and from a rental? I've made several trips leading up to a purch...
Charlotte Dunford
Syndicator's acquisition fee tax deductions
Can you deduct operating expenses from acquisition fee received? Let's say you received $30,000 in acquisition fees, the first year operating expenses of the property is $45,000. Can you deduct all of that? Or do you ...
Michael Fitzpatrick
Where to come across the best Lease Option contracts
Hi everyone, I'll make this short and simple, anyone know where to come across L/O contracts out there that are the most acceptable? Or am I better off having an attorney draft one up for me? Any help would be appreci...
Pannell Catherine
Help! Wholesaler needing help with taxes!
This is my first year operating as a wholesaler under an LLC I had created. I closed 5 wholesale deals last year totalling a profit of about 18k. My question is regarding taxes. I've never claimed wholesale income bef...
Billie Bridger
Lease options
I live in Moore, Ok. I have several generic lease option contracts. I'm looking for a more in depth option contract that will protect me and my business more. I would like to know if anyone has one, or where I can ge...
Rick Jones
Putting costs of overall business operation on separate sched E
So I currently have 8 properties, 14 units all rentals. I have read in the past that its possible to put costs for overall business operation and expenses shared by several properties on a separate schedule E as oppos...
Jared Foster
Start-Up Expenses, Multi-Family Investment
All - I have been working on a business plan for investing in 5-20 unit apartment complex. I am doing this partly for to map out a plan, but mostly as an education process. At some point I would like to have it revi...
Raj Vora
Jumping from passive RRE to active CRE
Cut my teeth on some SFR/ small multi deals in Florida over the last 6 years. Scaled a STR arbitrage biz to 7 rentals and then folded it. Always part time on the side of jobs/ businesses. Now ready to jump into CRE - ...
Michael Hayes
Passing Section 8 Inspection but Without Providing Appliances
Hey guys got a question for you.I'm taking a shot at a Section 8 rental and we're in the last week and a half of the rehab. I won't be providing appliances but I know that for the section 8 inspection, part of that i...