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Hi Everyone,I am looking to purchasing my first Investment property and wanted to get some input from those with experience. The specific property I am looking at is a single family 2 bed 2 bath home with an office in...
I’m looking at a small condo in the Truckee Area- interested in Short Term Renting it. I saw the Transient Occupancy Tax (TOT) is 10% and can be transferred to the renter. Is this an issue for renters to pay? How is T...
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I was wondering which software you use to manage your rents, notes, or properties? Quicken is the first thing that comes to mind but I don't think it is specific to what we are looking for. Any ideas?
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Can anyone recommend a good accountant? To make a long story short: I landlord for 5 years without realizing depreciation was non-optional. I'd like to file an IRS 3115 this year to try to recapture at least some of t...
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Has anyone had experience with Madison Trust with their self directed IRA's. The fees look very reasonable and I have a lot of knowledge about do's and don'ts so I am just looking for a good company to be the "holdin...
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Hi,
I would like to get your thoughts on this. I recently created an LLC to own my future real estate properties and I also just applied for an EIN. What is the best classification for an LLC which purpose is to own ...
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HiI live in California. I took out a HELOC on my primary residence and used the funds as a deposit on another property which then became my primary residence. The previous primary residence was converted into a renta...
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I have done my "due diligence" by reading about 15 threads on SDIRAs, and still have a few questions.Does anyone use a custodian that specializes (or is especially effective with) private money lending (not buying exi...
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Here is a question for all buy and hold investors specifically. How do you feel about life insurance? Do you have large policies ($1M plus) or are your investment properties your form of life insurance if something h...
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What’s the best business structure for rental property tax wise? Do I pay quarterly taxes? What all can be written off and what should I be keeping track of monthly? What forms will I need to fill out?Anything special...