Hyeseong Park
When receiving payments after selling houses
Hello all, This is a newbie flipper who is about to sell my flipped house.I bought the property with a name of LLC and I have one question while selling it.I assume that I will receive payment for selling the house as...
Jasdeep Singh
Section 179 Vehicle Purchase with 2 Rental Properties + Multi-family PR
Hi,I am a NY resident and own:-Owner occupied multi-family property in NY (Where I live)-2 Rental properties in the DC/Baltimore areaI commute to these properties every other month or so for maintenance, checking in n...
Sasha Li
commercial vehicle
I have rented my property to a family. They have a pick up truck that is used at work. In the beginning, there were letters on the truck and a ladder on the top of the vehicle. The HOA got complains that commercial ve...
Claudiu C.
Business Vehicle Taxes
Hello,I recently purchased a vehicle and registered in NJ to my second residence. I applied for the loan together with my LLC which is domiciled in NJ. The vehicle is exempt from taxes in the state in which the vehicl...
Kevin Donovan
Pennsylvania - Levy against vehicles
I understand that if you have an unpaid landlord judgment in Pennsylvania you can ask the constable or sheriff to levy against personal property.If a person has a vehicle that has a loan, can the constable levy agains...
Jason Sousa
To Show Or Not To Show Before An Application is filed?
Hey BP members. I am having a great deal of issues getting renters to sign an application to see if they qualify before showing the property. It seems like renters want to see the property before they file an applicat...
Account Closed
Looking for big deductions to close out 2013
Any ideas? Would it be a good idea to buy a new truck this year? Any other ideas to get big deductions for 2013? @Steven Hamilton II
, anyone else?
Joel Owens
Would you lease a car and can you write it off??
Have an older car I have driven forever as a work horse.Looking at trading it in for a brand new car on a lease.
Normally I wouldn't look at a lease but I am thinking I can write it off in my corporation.
I am not a...
Brian Garrett
Leasing a new car (Conventional DTI Concerns)
So I decided to sell my luxury car in order to free up more capital for real estate deals.I couldn't justify having a lot of cash tied up in an expensive vehicle anymore knowing I could be investing that money.I curre...
Andrew M.
Section 179 Write Off (Vehicle over 6,000 pounds)
How can I take advantage of this write-off? Some background information on my situation. I recently set up an LLC for the purpose of transferring my rental properties to it. Currently, my personal residence and invest...