Andrew Sampino
Revisiting the duplex deal in Dallas, TX
Hi everyone,
I recently posted about a deal that my friend was considering in Dallas, TX; that post is below and labeled "original post". We've looked at the numbers a little more closely and changed up the strategy ...
Suly B.
What’s your biggest expense as a real estate investor?
Whether you own 1 or 100 investment properties I'd love to get your answer.Thank you kindly, Suly
Manuel Encarnacion
Tax write off question
Can you write off or expense things purchased for upkeep of a rental unit come tax time? Things like paint, power tools like table saws and drills as well as items like water heaters, and bath tubs? I would be paying ...
Carlos Perez
Quickbooks Special Assessment Tracking
Hi, Not sure if the tax forum is the correct section to post this. Its accounting, but eventually about tax.How should Special Assessments be tracked in Quickbooks? And how do I depreciate/tax it?My HOA created a spec...
James L.
Anyone from NYC Investing in Texas
Hi everyone! I'm James. I currently live in New York City, but plan to relocate to Dallas in 2 to 3 years - which is why I am looking to invest in rental properties (single family homes) in the DFW/North Texas area ...
John Yowpa
loan questions regarding money loaned to LLC
hi allMy wife and I started two LLCs recently.LLC #1 is her non-profit. This pays rent to LLC #2, which has the mortgage for the property.In order to pay for the property we of course has to use personal finances for ...
Dexter Harris
What’s a Rule of thumb?
What’s a rule of thumb for Utilities (Water and Sewage, Electric, Gas) per door number? If there is a such a rule? I’m aware of the RUBS system. If you don’t have the historical from last year, can we use a number per...
Shahdan Calcuttawalla
Partnership Tax Advice
123 N Shore Owned by Partner A worth $105,000123 Coffee Bedford owned by Partner B worth $55,000ABC LLC has $1500 in the Bank, Partner B 51% Partner A 49%. In company resolution is it passed that Partner B & Partn...
Corwin Hernandez
What if I don't account for expenses?
Hello BP, I just love asking questions and getting people's insight. So I have a friend who I try to explain some real estate things and he had a question. Being on Bigger Pockets, I've learned that you put money away...
Pedro Morais
How many credit cards do I need for my LLC portfolio
Hi BP, I have several LLCs where each one holds one individual property. All of the LLCs have their own EIN and separate bank account. In order to pay for certain expenses by credit card, can I use one LLC's credit ca...