Shad Rich
LLC Partnership Tax Deductions - Where To Deduct Shared Expenses?
I started an LLC partnership two years ago for rental real estate investing. The LLC currently holds two properties, one of which has been put into service. The properties obviously have their specific income and expe...
Rondell Staten
Did we get sucked into a bad deal?
Greetings, BP community. The downtown Atlanta area is up and coming and we we're trying to catch the wave in the neighborhood. The property is close to schools and a new park that's being constructed that will become...
Julie Croegaert
Preparing for an appraisal / rental survey of a short term rental
I am in the process of purchasing a vacation/lake house (ie short term rental) with a self directed IRA and non-recourse loan. I'm preparing for the appraisal, which is based on the property's ability to cash flow, a...
Andrew Cross
Applicant feedback
I currently have an applicant that I'm pretty certain I'm going to have to deny based on a previous landlord's reference. The applicant is denying the claims from the landlord. I've already told the applicant that i...
Joseph Woods
Best landlord rental accounting software (NOT management software
I will soon be purchasing my 1st SFR. I see many options with good reviews for the management side (particularly Cozy and Tenant Cloud, for example). However, I will using a property manager and am not looking for t...
Eli M.
section 8 working tenant
Dear BP members,those of you who had experiences with section 8 tenants, what would be your opinion; what is better to have a tenant who works and in such a case the section 8 will only pay a portion of the rent or ha...
Michael Pilolla
Is This Rehab Breakdown Acceptable?
Hey BP Peeps,I'm closing on my first property and I'm very excited. I'm working with a contractor who's done work on my primary residence (and is now a rental) and he's always done great work. He's an investor as well...
Tricia O'Brien
Does Property Manager Needs W-9 for tax reporting?
I have rental property income from one single family home. I have always reported the rental income on Schedule E ("Supplemental Income and Loss") form with the IRS and not schedule C because I hold title in my o...
Jimmy Hong
Rex Report in Austin and San Antonio
Hello everyone, has anyone used the Rex Report in Austin or San Antonio? Are the property info accurate? I just wanted to get your opinions and reviews before I purchase it.
Thanks in advance,
Jimmy
Mitchell Barna
Fake Hard Money Lender?
Hi there, I was contacted by a hard money lender via LinkedIn shortly after my first post on BP forums. I thought this to be strange someone would randomly reach out and ask if I need funding, however given the networ...