OK, this feels like a stupid question, but....
--do you run your rental investments as a business, and...
--therefore, do you deduct all your business expenses, such as your REIA membership, miles driving around ...
I Found a multi Family (4 Units) Property that I am interest in. The Owner posted that the yearly expenses are $9700.00. I checked the Assessor website to find that the Property Tax is about $6000.00.When I subtract t...
Hello,I bought my condo back in 2011 for 220,000. This was our first home purchase in Woodland Hills, Ca. We put enough down where our mortgage payment is around $750.00 per month, HOA dues are around $310.00 per mont...
Good Evening Everybody,Does anybody know what are the tax implications if you are making a down payment from your SDIRA on a property that is partially financed with debt?For example the loan on the property is issued...
Hey All,
Newbie here. I have reading a bunch of strategies and plans from all you fine intelligent investors. It seems to me, that no one is really located/investing in the NYC Market. The prices, plans, & scenar...
I have watched a youtube video that the CPA talked about forming a S corp and dump real estate agent commission into the S corp and pay less tax etc etc. my Question is, for most real estate agents, they are not the o...
My spouse and I have a real estate pass thru LLC we are 50:50 partners / owners of. We are in the middle of a flip which will sell in 2024 and have a second one lined up. Estimate to make 80-100k from both deals. Fo...
Hi Guys,
Brand new here, with a question:
Can hard money lending be considered a small business, where expenses can be deducted -- just like any other business? I thought this was a given until I started reading ab...
I am really touched by all the help I get from the BP community. I’d like to write down my experiences after purchasing 2 rentals from Roofstock. Hopefully, it’s useful, and that someone, somewhere will benefit from i...
Hello everyone, this is my first post on the forum, but I have been reading an learning from many people on this site for quite some time.
So im tired of giving the IRS all of my income, and I have been reading about...