I have read articles that say you can file your real estate investment as a business, but two CPAs I have spoken with say no. Does anyone here file as a business? I have one long term rental. I have spent many many ho...
I’m a new real estate agent in NorCal with 22k in commissions in my first 3 months.Any recommendations on how to reduce my tax liability at the end of the year? What are some good write-offs?
Hi my name is Lukas and I'm a 2 month old Real Estate Investor.I just came across a gentleman who wants to sell 45 mobile homes here in Denver. He acquired them through tax liens. I was just wondering if anyone had ex...
Hello,So I may be inquiring a SFR from my parents. The SFR has no mortgage but my parents did get a HELOC from the property. They told me if I take over the expenses of the property I can have it. My question is, can ...
I'm a 1st time OOS investor. The Property Manager now says will do all duties (including getting the property rented /maintenance calls etc) except rent collection & tax deposit. AND so will not charge ANY monthly...
Hi All,
got a tax question I been pondering... might be a dump dump question. so I opened a business checking and money market account. I put good chunk of my savings into it as start up capital. My question is if I...
Hi All,My brother and I recently inherited a 4-family rental unit, 50/50. He lives closer and will be more hands on with the property, so a 50/50 split of profit isn't equitable. I would like to arrange for a fixed ma...
Hello,My business partner and I are looking at some 100+ unit properties in Memphis and are getting hung up on real estate taxes, insurance, and utility expenses. Is there a reason they are so high? Example: There is...
I own 25% of a 3 apartment house, the other 75% is equally owned by three of my relatives (4 of us each own 25%). The house is fully paid for and currently is fully rented out (none of my relatives live there). The th...
Hi all! I currently have a SFR Rental Property that I paid off late last year. I am very interested in doing more real estate investing, but this time, using the BRRRR Technique. So, instead of using private/hard mone...