If someone draws funds from the HELOC on their primary residence, and uses them to pay down the principal on their rental property, is the interest paid on the drawn amount tax deductible under the rental property?

I am under contract on a 4 unit. What is the process of flipping the property into a business name for write offs and tax purposes? I’m told if you quit claim the property to a business name for write offs and protect...

I am in the process of selecting a software system to use for a multiple property and growing portfolio. I understand QuickBooks and from what I have read from others is that the new subscription-based version is not ...

I have a tree-stand parcel, held in a trust (Equity Trust Company), that I am going to clear-cut and replant, roughly 90% with loblolly pines. My plan is to do pre-development work then transfer this parcel out of the...

Hi all,After a year of studying and hesitation (I will admit that), I finally pulled the trigger and got a duplex under contract! This will be my very first investment property!Here is a quick question: do you create ...

I’m an investor from Canada researching options for flips. My understanding so far is that a C-Corp is preferable to an LLC for a Canadian as the CRA doesn’t recognize LLCs the same as the IRS and you’ll end up being ...

Hey all,I have three properties I am about to sign purchase agreements for, and it is an investor to investor sale.Everything about the deal gives me a warm and fuzzy, less one condition. But it may very well be the s...

This question is for anyone out there.

I started out putting my properties under an LLC here in tn, but upon the tax advice of our CPA, we just closed down our LLC and just changed to having a bigger general liabilit...

My lender wont let me transfer title to LLC (due-on-sale clause). Can I still route the rent income to LLC registered in my name even though the property does not belong to llc?

My tenant (who paid the entire year in full and up front) asked if he could change the “tenant name” on the lease from his name to his LLC’s name. He is a business owner and I know exactly where the business is locate...