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I'm purchasing my first property and will (hopefully) be renting it very soon. Is the most common method of collecting rent just having your tenant mail the check, requiring that it be received by the first of the mon...
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Hello! Wanted to discuss the more complex tax deductions for short term rentals/Airbnbs. The two STRs I own are 100% exclusively used as STRs. I'm familiar with all the basic deductions i.e. cleaning fees, utilities, ...
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I would like to be able to offer my low income tenants a option from having to mail their rent to us. Is anyone using a service that tenants can go online etc to pay rent and it goes into my account?
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Hi all, have another oneI was in the process of registering an LLC for my investment properties; I don't have cash, and financing I have heard for an LLC will be much more difficult than if I were to put the property ...
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Daughter: 26yo and earns >100k/yr and, historically, has rolled her eyes when I mention the phrase "real estate". Me: Old, RE is a side gig, transitioning from hands-on RE investing to minimal-effort cash flow, sel...
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Hello everyone,So my business partners and I are thinking of starting an S Corp vs an LLC that can be taxed as an S corp. I just wanted to ask what are some of the benfits tax wise and if someone can send me a contac...
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Generally I'm a flipper and have stayed productive during these awful economic times. Over the year I have really been considering purchasing 3 - 5 rental properties to generate a monthly return. With my time tied up ...
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Hi All,
I'm newbie here not sure if this is the right board to ask this question.
I planned to do the rehab business(buy from truestee sale) for a while, but just short of cash, recently I'm lucky enough convinced a...
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I have looked into the self directed IRA and solo 401k and feel the later is a great option for me (yes I am self employed). I am curious about the timeline to have funds from previous employer retirement plans and a...
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I have been looking opening a SDIRA. I have read/heard many tout the overall benefits and flexibility of using an SDIRA, but when I looked into it a little more, the SDIRA seemed to lose its luster with several restr...