Brenda Budzinski
Vehicle expense vs. mileage rate
What are the pros and cons of vehicle expenses? Ive read there are two different ways to write off this expense. Actual expenses like car value depreciation plus insurance, gas, repairs, oil changes or the other opt...
T Giddens
Should I buy a vehicle under business LLC?
I’m a fairly new investor, completed my first BRRR a year ago. My real estate business is under a LLC. I recently accepted a $10,000 business credit card with BOA and they are now offering a business loan for a vehicl...
Jon Fletcher
Section 179 Vehicle Depreciation
Have any real estate investors used their passive income to purchase a 6,000lb+ vehicle? I'm trying to understand the full benefit of the Section 179 tax code. Using simple numbers, if I purchase a used SUV for $25,00...
Nicholas Cavato
Best Business Standard Mileage rate App
Hey everyone,I'm searching for the best app for tracking mileage on a business vehicle while using the same vehicle for personal use. According to the IRS the vehicle needs to be used for 50% for business and needs to...
Michael Glaser
Buying A Car/Truck Through LLC
I'm leasing a car right now and in the market to buy a truck this December when the dealers are trying to move the end of year models. My LLC is in Kansas, I work in California. My employer gives me a car allowance an...
Seidy Lasker
Does vehicle title have to be in S-corps name to take Sec 179?
Does a vehicle title have to be in S-corps name to take sec 179? If the business usage is only 60%, are you only allowed 60% of Sec 179 or 100%? Are leased vehicles allowed sec 179? Can you take Sec 179 through a reim...
Quenton Persinger
Section 179 or Mileage....HELP!
I am currently in the market for a new/used vehicle. I have been debating spending a little more for a larger vehicle in order to take advantage of the Section 179 write off. I already have an LLC that I plan to title...
Dan H.
umbrella policy is going up over 50%
Property insurance roes have got a lot of press as providers pull out of various markets and prices increase. Florida is likely the most impacted, but California has also been heavily impacted.I have not seen anythin...
Tyler Smiarowski
Parking Stickers and getting unauthorized cars towed?
Got a 4plex...the tenants are only allowed to park their cars there. If I issued parking stickers to the tenants (who are on the lease) who have cars registered under their name...when can I get the cars that do no...
Pete Fiannaca
Need Advice... Buying a vehicle as a business expense
Hey folks -
Would love to hear from those who own vehicles that are considered business expenses. Jumping from 1 to 5 units soon and I will be buying a used truck to have on hand for building materials, appliances, ...