Chad Thompson
Is purchasing land or rental homes a tax deduction on LLc
Hello,
When purchasing land or rental properties can this be a deduction ? My LLc is primary over our retail business and we were hit hard with owing quiet a bit of taxes around the sum of 48,500.00 for 2019. I’m tr...
Account Closed
Looking to buy first home/ investment. Any tips?
Hello everyone my girlfriend (soon to be fiancé) and I were looking for an apartment but then we realized that with the prices around our area is best to just buy a house. We are considering buying a two family house ...
George Elchaar
Need help analyzing a deal
I originally posted this in the forums section. I'm reposting here after stumbling upon this forum. It's better suited for this section. My up front expense is $45,000The rental income, expense, cash flow is in the ...
Chris Picciurro
Most concerning tax questions
Good morning BP - we are currently adding to our educational content. What are your most concerning tax questions related to real estate?
David Straley
Using Turbo Tax for Rentals
I have kept a record of everything bought for each place and I have a good idea of what is an expense vs. an asset. I only have a couple of houses so it isn't a ton of work to keep up with. Just curious if I can get t...
Nick Ragland
Rental property question!
I bought a house 2 years ago and have 3 roommates that are helping pay the mortgage. Can I consider this a rental property if it's my primary residence?
Account Closed
Best strategy for collected damages & unpaid rent/utilities?
Hey all, Have a problem tenant who caused ~$2000 in damages and some unpaid utilities... let her dog soil the carpet and refused to pay water bill last few months. We have her security deposit, but it only covers ~1/3...
Jack Tinker
Who Includes Rental Income Tax as an expense?!
I am curious. Typically when I analyze a property I include the usual (property tax, insurance, etc.), I was wondering if anyone includes rental income tax as an expense when analyzing a property? For example, after d...
Carson Campbell
RV Park Opportunity
Hi All,I was approached with an opportunity to purchase an RV park. I currently have one rental and a second property that is my primary residence. I will need to sell the rental to afford the purchase of the RV park ...
Brock Holliman
Builder Investor Partnership Program
I have been building new single family investment homes for investors. I wanted to find a way that I could boost my investors returns but still keep it attractive for my construction business to make a profit.So my id...