Sobsie Jacobs
property manager indemnification clause
I am reviewing a standard CAR (Calif Association of Realtors) contract given me by a potential property manager for management my fourplex. The indemnification clause seems to indemnify him very broadly for any actio...
Gary Dale McKee
Need advice on wether or not to rent to people on disability.
So, I recently listed a property for rent or for sale by owner. I have had several inquires about the property as a rental and the majority of them have been people on disability benefits. I know enough to know that...
Navid A.
Deducting Business Expenses & the Standard Deduction
If you're employed with a W2 Salary and are investing in rental properties under a LLC (disregarded entity), would you even be able to make deductions if they add up to be less than the standard deduction on your pers...
Jonathan McGarrity
Guarantors on Loan to LLC
I am securing lending for an LTR. It is the first property our LLC is purchasing. There are 3 members and ownership is split equally. The plan was for me to be the sole guarantor. The lender wants the guarantor(s) to ...
Jared Slater
How does Standard Deduction change affect which debt to retire?
With the increased Standard Deduction for 2018 I'm not sure if I should work towards retiring my home's mortgage, or one of my rental properties. The difference between interest rates is at most 1%. With the tax chang...
Srini K.
Buying a car
Can I buy a new or old car that i would be using significantly for driving for dollars, or tenant related issues and claim depreciation.Is it required that the car needs to be on your LLC or can it be on your personal...
Sashaw Balgobin
Question about taxes and NJ condo
I usually do my moms taxes through turbo tax each year which is a simple w-2. Last year my mom bought a condo in North Jersey. She brought up something about her getting some kind of credits for first year. Does anyon...
Paolo F.
Standard deduction for Non Resident Aliens
With the new tax reform, Personal Exemption was eliminated. Can we Non Resident Aliens use Standard Deduction now, as it is the only one left and in theory it should group the old Personal Exemption?
Alex Huang
BRRRR and Holding Properties in a LLC
I am having some problems with the BRRR strategy, particularly with having my first property in the name of a LLC.It seems that the banks in my area won't (can't?) refinance the property unless it is under my personal...
Yongjian Pan
Itemized deduction for taxes
What does interest payments and property taxes are tax deductible if you itemize mean?