James H.
No 1099 from property manager ?
I Have a few different properties and different property managers. In the same area. I did not receive a 1099. From one of the property managenent companies and assumed it was lost in the mail. Until a couple of days ...
Brendan M.
What are the tax implications of paying myself to property manage?
I just bought my first multifamily property and I have been thinking about how to maximize my tax benefits on it. If i can write off property management fees as an expense, can I pay myself (either as a sole proprieto...
Account Closed
Tax Savings as a High-Earning Dual Income W2 Family ($300k / yr)
“Wealthy people buy real estate.” I realize I’m fortunate enough to count myself among them. These supposed tax savings though… where are they?
My wife and I are fortunate enough to have two W2 jobs making ~$150k /...
Brian Ellis
Seller financing vs. lease option - what’s the difference?
What would be the pros and cons of each option? I’ve run into a scenario where a seller wasn’t willing to seller finance, but came back asking if I would consider a lease option instead.
@Steve Vaughan would you be ...
Mesbahul Hoda
Contract Assignment to Retail Buyers
How can I assign contracts to buyers who are buying a home with a mortgage which does not allow assignment fee and the buyer does not have cash out of pocket at the momemt?
Ideas please!
Ayyoub Feza
Cleaning fee refundable or non-refundable
Hi, For move-in costs, do you recommend to add cleaning fee as refundable fee or none refundable fee? I wonder what’s your experience and advice. Thanks for sharing in advance. Regards
Emily T.
Buying an investment property - is it a business expense?
My unrelated personal business has taken off and I may be looking at making $500k this year. I own no real estate. I've never made this much money or even close. I need to get rid of some of this cash so I'm not payin...
Anna Milligan
Renter's Insurance Liability and "additional insured"
Our insurance guy is telling us that we should have a requirement in our lease that the renter have renter’s insurance for $500k liability. He said most policies are at $300k, but it’s only an extra $10/yr to bump up...
Chase Hoover
Vacation Rental Financing 10% Down?
I decided to post this in the STR forum instead of Loans because I think we'll get better responses from those of us in the STR world. In recent podcast #364, Avery Carl discussed her ability to purchase vacation ren...
James Likis
Tradeoffs: amending taxes with cost segregation & bonus depreciation
When filing our 2022 taxes, our CPA did not mention or encourage us to do a cost segregation study to capture bonus depreciation on the two properties my wife and I acquired in 2022. Our goal is to invest aggressively...