Steven Torok
Tax implications of reinvesting 100% of profits
Hi all! I would like to understand what general tax benefits exist if 100% of rental profits are reinvested into new properties.I own, through a LLC, a few rentals which are fully paid for, and am in the position to ...
John Underwood
VRBO and Schedule C or E article by an attorney
Here is the link.https://markjkohler.com/how-a-short-term-vacation-...My CPA had said to use schedule E for my STR on Homeaway. Then I saw a discussion on why you should use schedule C.This attorney explains why you s...
Libby Baugher
Should I use 30 yr or 15 yr loan for my rental properties?
I have a question regarding which loan to use for my rental properties. Here is some background on me. I am 51 years old and am just beginning my real estate portfolio. I have a good paying, secure job making 6 figure...
Brandon P.
Indianapolis rental tentant painted rooms
Painting is very expensive. I professionally painted this places interior right before the tenants moved in. They painted at least two rooms
. They have lived there 2-3 years. Am I expected to pay for his if they li...
Account Closed
Insurance payout on repairs count as rental income?
I cant find this exactly on the IRS pages, but I have read on some sites that I may have to claim the insurance payment, as rental income, and then the entire cost of the repairs add to normal repair on schedule E. Is...
Zac Kucharek
First House Hack Tax Planning
I currently live in a Duplex that we house hack, living in one unit and renting the other. This was purchased in December 2023 and I am trying to Tax plan for the coming year.1. I have heard from others that you shoul...
Saori Hamilton
DST purchasing -- pro rata share of debt and total
I am totally new to a DST and appreciate any advices you can give me.Planning to invest $600K in a single tenant NNN leased DST. Once I received the purchase agreement/settlement statement, I noted the following:Pro-...
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Question
Is it a good idea to try to get a few properties at one time if you have average credit (620-700). I was told to aquire a few within a 60 day period because they would not hit my credit report for that amount of time....
Christopher Suh
Figures you use for the Rental Calculator?
Hello BP community,I just recently joined the site and have to say I've been learning a lot from all your posts and excited to meet some fellow like minded people. I just had a question regarding how some of you ente...
Xavier Morales
Realtors license
Hello everyone of BP! So I had a question regarding getting my realtors license. I was talking to a succesful real estate investor yesterday about me starting my realtor classes. He told me that I shouldn't get it and...