Allen Magtibay
Strategy for ending an LLC
Hi I'm a novice real estate investor and wanted to pose a question to the RE veterans here on the strategy I should take regarding my situation. I'm in a LLC with 3 of my siblings and we are looking at closing the LLC...
Rudolph T.
Best tax strategy for >150k earner to own investment property
Hello my fellow BPs, I'm considering of starting my first investment property soon. I have been doing my own research by reading the BP blogs, listening to the podcasts, asked people questions (including my CPA). Howe...
Greg Baker
Questions about tax write off's with a rental property
We recently closed on our first rental property and I'm trying to keep everything organized for our tax professional next January. Which of the following can be written off? 1. Pre-purchase - Home inspection and app...
Michael Hable
SDIRA or Cash out
Hello Investors!Just finished reading The Self Directed IRA Handbook and recommend it to anyone interested in SDIRA and learning more. I found it to be an easy read concerning a complex topic, well organized with a g...
Sam Spoerl
First time multi unit investment
Hi,My name is Sam and I am a new user of the forms and inviting. So I am looking for any advice that I can get. I’m looking to buy my first multi family property. I’m really trying to find any information on what expe...
Bryan Odom
Can you write off expenses that were incurred before you bought a property?
Hello everyone,I'm a new investor and haven't bought a property yet. I've read that you can write off expenses such as conference registration fees and mileage. I plan to purchase my first property before it's time to...
Andrew Esposito
BRRR and Selling Question - Starting Out
So, a friend and I are about to take our first dip into real estate investing. I have searched for an answer to this, but can't seem to locate anything on point. Also, this is my first post so if this isn't appropri...
Mehran K.
Tax Handling of Property Management Reserve Account?
Quick question for the tax professionals :)
From the collected rent on my duplex (June), I've allowed the property manager to hold $500 as reserves for future expenses/improvements etc.
Hypothetically (because I'm ...
Sunny D.
Taxes (rental home gains)
AllI have a rental home in Folsom that I recently started using a PM for. The rent is 2095 but only cashflows about 100$ PM as i have a 15 year mortgage. I have an equity of 250K plus in the home now, so I am ok that...
Alex Ballesteros
ADU Grant Program ? Up to $40K ?
I am currently in the process of acquiring my first investment property with a 2 car detached garage in Compton, CA with an FHA loan, and my realtor actually mentioned something about an ADU grant program giving up to...