Han T.
Issuing Promissory Notes from Individual to LLC
Hi BP community! Hope all is well. Here is my question.I would like to check if it is possible for a LLC to issue (borrow) promissory note to an individual for the purpose of buying real estate. If so, can it be done ...
Calil Clark
determining appreciation for neighborhoods?
Hi, BP!I was wondering how investors determine appreciation (or depreciation for that matter) for a specific neighborhood or city year over year?Example:- In 2015, median sales price for a specific neighborhood is $14...
Nik Moushon
Tax strategies for rentals
I have my first rental under contract. Though I understand taxes in a general sense and what to do for my own house I'm in the dark when it comes to whats different for rental properties. What are got strategies to lo...
George Eliot
Is a CL ad sufficient to prove intent to rent?
Hi everyone,
I own a house that I plan on renting after I make some major repairs. Is a CL ad sufficient proof of intent for the IRS, or should I run a print ad before starting repairs?
Thank you!
Helen Fradette
Newbie here, How do I calculate percentage amount to save?
Hello, I'm in the stage of figuring out where my money is going. When I hear people say, "Live off 50% of your income, invest/save the rest" how would I calculate that amount? I know the difference between GROSS and ...
David V.
Polyurea Garage Floor - expense or improvement
Quick question to the Tax pros out there. I am considering resurficing my rental garage floor with Plyurea and was wondering if this can be expensed or is this an improvement that needs to be depreciated? I suspect ...
Rick Lucette
Turning home into rental property - tax implications
hi Community,We just moved out of our home (purchased a bit more than 4 years ago). It is in a convenient location that rents well and we would like to keep it as a rental property. I fully intend on educating myself ...
Dennis Dempsey
Home Office/Self Employment Tax Question
I wanted to describe a situation and see if anyone can tell me what the tax implications are:
You get your real estate license to help with your part-time investing business and don't use it as a typical agent would....
Mark De sagun
Should I Seismic Retrofit foundation?
Hi everyone! My girlfriend and I just bought our first house hack in Los Angeles. The house was built in 1914. During inspection, we were told that we need to Seismic Retrofit the foundation; bolt down, upgrade posts ...
Dhruva Patel
Half family occupied, half rental
Hey experts,I recently bought a condo under my name and created an LLC. The condo is under my name but the LLC was created because I planned on renting out half of the space. My brother will be living in the other hal...