Hello All, It is now 5 months that I own an 8 family rental in New Haven, CT. My property layout is; each apartment gets a garage long enough for a storage room, and a car. The property has a parking lot, where tena...
I am actively seeking investment properties (buy and hold) in the Raleigh, NC and surrounding areas (A & B neighborhoods predominantly) and need insight regarding how to structure an entity that is tax advantaged....
I drive a very old sedan. Most of my tenants drive nicer cars than I do. Now that I am considering purchasing a new(er) car that probably will be nicer than theirs, I am wondering whether to keep the old one to commu...
If I lease my car to my scorp, the scorp can write off the lease payment. Can I write off the mileage on my personal taxes? Also can I depreciate that payment.? If this isn't the best setup what should I do?
My wife has finally ran her 1999 Volvo into the ground with the transmission going out and it would cost more to fix it than the car is worth at this point in time. Let's be clear that we are looking to buy a 3+ year ...
How complex are your leases? Do you amend and try to cover all of the horrible stuff that needs to be added with the next tenant? Do you ever change your lease if the prospective tenant objects to some language in y...
I current own a fixer upper single family home. Once it's completed I plan on living in it. It needs 25k+ in order to make it move in ready. At the Same time I've started looking at 2-4 unit propertys in my area. I'm ...
I have a tenant who's received multiple citations from Baltimore City Sanitation Dept, for having untagged and inoperable vehicles parked at the house. They have one vehicle that doesn't even have an engine, yesterda...
Got a mechanical engineer staying in of my places. He's from Houston, originally from India. He gets a ride from co-workers to and from his place of employment. Before he came here, he asked about renting a vehicle...
After move-in, one of my tenants began a business of purchasing used or auctioned cars, doing minor repairs and cleaning in the garage, and transporting to a used car dealership to sell. I was not aware of this activi...