Ben M.
Column posts for backyard porch
What type of lumber are installed in column posts for backyard porch. Is 20 year ground contact lumber common? What other options for lumber are available that would last longer?
Anthony Maffesoli
Help! Understanding of Co-ownership payment allocation
Hey BP community!
First post here. I currently co-own 2 different properties. One is my primary which I live in with my girlfriend - I'll call this property A. The other I co-own with a good friend - I'll call this p...
Jonathan Williams
LLC vs. S Corp
Hello everyone, I am just starting out and looking for my 1st property to flip. At this point, do I need to worry about forming an LLC or S Corp? My goal is to focus on flipping houses for the next year and then keep ...
Account Closed
1031 - Transfer Title to LLC - Timing?
I’ve searched the forums but can’t find an answer. I’m hoping a season investor or CPA can chime in.I currently hold title in my own name and have a mortgage in my own name. I’d like to sell my property in a 1031 exch...
Kyle Burrows
Sole Proprietorship vs Partnership
Hi BP! My wife and I are purchasing our first rental property and looking to set up a DBA. After researching some information about sole proprietorships and partnerships, we are confused about the right approach. We l...
Matt McCue
Expenses incurred finding a rental property deductible?
Hi all, are expenses incurred searching for and/or purchasing (going to the closing) rental property tax deductible...whether that be mileage, or airfare to another state?
Sami Davis
Tax Certificates (How its reported to IRS)
In the midst of purchasing several tax certificates in City of Chicago. Had a quick question how is this reported in your federal tax return? I figure it is reported when the tax certificate is terminated due to red...
Danae Meurer
Disabled Access Credit
Does anyone know if the Disabled Access Credit can be used to make a rental accessible? Specifically, if we are adding a ramp, a stairlift, or widening doorways for a wheelchair bound tenant?
Betty F.
lease agreements and evictions
Hello,We have a tenant who has rented from us for a number of years. We initially had a 1 year lease agreement, but never renewed the agreement in writing. This tenant is now late on rent.My question is if we do not h...
Summer Segeleon
My first year with a sale to claim / Tax questions
So, this is my first year to claim a sale of property. I've been reading. If anyone experienced is bored, I'd love to clarify a few things, so here is my info. * Purchased property in Aug 2014, Sold in Feb 2015 (owned...