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I am considering forming an LLC for landscaping and a second for construction. The thought being that it would create additional tax breaks when purchasing equipment etc that would be mainly used to maintain my prope...
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If you own a SFR without debt and REFI the property to cash out the equity then use the cash to invest in a syndication or buy another rental, is the interest on the loan collateralized by the SFR a tax-deductable exp...
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Hello all, I have a basic investing question: What is considered a positive cashflow when we borrow 100% of the money to invest in a property?In general and simple terms, it will be the money I gain over the money I s...
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I have a tenant who just gave 60 day notice on nov. 22 and they are on a month to month lease with 60 notice required. They have been there for 3 years. They send me a letter saying they are giving 60 days notice on n...
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I'm a landlord of a few properties all in my name and I file taxes under my own SSN so no business entity. I'm interested in branching out to expand my relationships and get partners to take my REI to the next level...
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I've been involved in funding some rehabs and JVing on some deals. I was wondering if there are things an individual can write off on their taxes. For example, business lunches with clients, trips to go visit properti...
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Newly started LLC for investing in rental properties. What can I expect to write off at the end of the year? Any guidance on what mistakes were made by any of you early on? Should I hold off on buying equipment suck a...
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Hi All! As a newbie one topic that I’m really trying to wrap my head around is the tax benefits of owning passive real estate with a W2 job.From my understanding there are various areas where tax deductions, write off...
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My deal (first one):
I have a 3/2 SFR in a good neighborhood, it's a short sale.
My offer was accepted and is currently going through the banks underwriting.
So my question is. There is a tenant in place.
If I keep t...
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Hello,My current flip will take longer than a year, about 18 months. Can I still deduct all renovation costs from the profit in regards to paying taxes on the profit. I have all cash in the property and for renovati...