T Giddens
Should I buy a vehicle under business LLC?
I’m a fairly new investor, completed my first BRRR a year ago. My real estate business is under a LLC. I recently accepted a $10,000 business credit card with BOA and they are now offering a business loan for a vehicl...
Dido Zdrav
Company or personal vehicle for business use!?
I am planning on purchasing a vehicle for business use only - 100% business use no exception (in New York State). My question is whether there are any tax disadvantages of owning the vehicle under my name versus the c...
Davido Davido
Slick Seattle Entrepreneurs Reveal How to Landlord Without RE
Just revealed today, Thursday June 13th, courtesy of the Seattle Times, NW Thursday Section; Landlord’s don’t need their own land -just use the City Streets to “Car Ranch”.“More than 2000 people in King County live in...
Andrew M.
Section 179 Write Off (Vehicle over 6,000 pounds)
How can I take advantage of this write-off? Some background information on my situation. I recently set up an LLC for the purpose of transferring my rental properties to it. Currently, my personal residence and invest...
Nathan Gesner
Need advice: Section 179 deduction for Truck
I need to spend some money and cut down on taxes. CPA advises I purchase a vehicle so I'm curious about the advantages and I'm very short on time because it has to be done by December 31st.I understand what type of ve...
Kadia Lawrence
Do you write off Car purchase under your RE LLC?
Hi Everyone,I am about to purchase a car and will be using it for both personal use (e.g., grocery shopping, gym, etc) and definitely for RE business (scouting neighborhoods, seeing listings, visiting properties for m...
Elisabeth Cooke
Section 179 and SUV
Hello BP forum and thanks in advance for your expertise and insight into our question.We have 2 rental properties, one of which is undergoing renovations with my wife as the project manager. We spend about 20 hrs/week...
Nate Morris
Tax Efficient Vacation Rental Question
There is a turnkey vacation rental in Hawaii I am looking to buy. The home includes furniture and a passenger vehicle. The deal may require the vehicle+furnature be transacted outside escrow. Do I maximize the value ...
Joe Boggin
umbrella insurance?
i have one rental property. i also have a new car and a primary residence where my wife and child sleep! should i purchase an umbrella policy with 1mil in liability coverage or purchase a stand alone policy that cov...
James Miller
Do you use expenses or mileage reimbursement?
New member here. I just posted in "new intros". I have a question. I started managing some properties my dad and I own. They are spit into several LLC's. The vehicles that will be used in the management and upkeep of ...