Dan Nguyen
Can I deduct a gym membership for the purpose of capital raising?
I belong to a clubhouse gym that wealthy people belong to. The cost of the membership is absurd compared to a regular gym membership and the only reason why I'm paying for this membership is to meet high net worth ind...
Spencer Cornelia
Creating a syndicate to not pay rental income tax?
Quick thought: could a group of investors team up and combine their yearly net rental income into paying for a new property?Example: a group of 5 investors each net $5k every year in rental income. After year one, th...
Marc C.
WaPo: Republicans want to do away with the 1031 exchange
Can't believe I haven't seen this posted before, as it's huge news! "You want tax reform? I got your tax reform right here:"https://www.washingtonpost.com/realestate/republic...If true, let me be the first to sarcasti...
Matt Brown
Taxes of flippin' a property
I'm more interested in holding out and renting out a property than I am flipping one, but if I did find one for a good enough deal and managed to get rid of it fairly quickly, what are the taxes like?
I suppose there...
Jackson Long
"Tax benefits" explain?
Hey guys, we often talk about the tax benefits of owning real estate. Do these benefits extend beyond the rental income? Could somebody give me a laymen's overview of how this works?
Heather Pelletier
If you rehab a property completely will expenses be less?
I have a question? I understand the 50% rule for the most part but am unclear about what expenses it includes. If you purchase a property and rehab it completely is it safe to assume your expenses will be slightly l...
Chris Rizzo
Best way to keep track of expenses/income with rentals
Hey all,So, I am hopefully closing on my first rental property at the end of this month. Happens to be my own office (commercial condo in a Medical building), so I've got a pain in the ass tenant :)Anyway, I created ...
James Roberts
Loans for furnishing?
Just bought a home for the purpose of turning it into an Airbnb and was wondering if anyone had any suggestions on how to go about buying the furniture without using my own cash - loans, or credit cards etc. Thanks!
Jason Burkart
Gift money for family or buy a rental for family?
Complicated post and I realize this might be more geared to a CPA, but figured I would try here and see if anyone else has come across a similar situation. Will itemize for brevity purposes:- Mother wants to move to S...
Simon Wold
Should I install seperate electricity meters?
Hey,So I am looking at a 22 unit deal in Lakewood, WA. Going through the numbers I noticed that the building currently has one master meter for electricity, which the owner pays for out of pocket. Does anyone have e...