Robert Shedden
"Rental Property" LLC held in "Property Management" S-Corp
I am asking the basic question of "LLC or S-Corp for Rental Property?" but with a twist....I am working to acquire my first rental property in Rockford, IL and was planning to set up an LLC to hold the properties... A...
Tea Marie
Downpayment vs. 401K savings -how much
Hello,My goal is to purchase my first rental property (non-local) in 2017. I have just reached my emergency savings goal, now I want to save as much as I can for a down payment. Except for my emergency fund, all of m...
Joseph Calabrese
Can rental property depreciation offset 401k withdrawal income.
I am 32 and just bought my first rental property with my brother. It’s a duplex he lives on one side we rent out the other. My background is mostly stock investing (professionally and personally) but this first rental...
Rosie Vidales
Tax breaks on a gutted property
Hello Everyone!! Hey I need some tips on what to do or where to find info. IRS.gov wasn't that helpful. I purchased a gutted SFR in 2013. Didn't start rehab til 2014. Just now gonna file taxes for both years. Can anyo...
Adrian Tenemaza
any advice on how i can proceed?
Hello everyone! Im a new RE investor and currently seeking some advice on how i can proceed with a current situation!I currently own a primary residence (3 family) with an FHA loan, and a single family (investment p...
Andy D.
Strategy question on cash-out refi for several properties
Hello BP world!Looking for some input on 2 aspects: let's assume I have 2 Condos held in my own name where I want to do a cash-out refi (conventional/conforming) to use that cash to buy more properties.Current cash fl...
Ryan Thomson
Why a Multifamily House Hack in Colorado Springs is a Great Idea Right Now
Are you intrigued by the idea of house hacking in Colorado Springs? Now is an opportune moment to dive into this strategy with multifamily properties. As house hacking enthusiasts know, purchasing a multifamily proper...
Mohammad Murad
Is a fourplex right for me as a first home buyer?
Hi, I am trying to purchase my first home, a fourplex. My plan is to househack by staying in one unit and rest out other three. I have already analyzed my deal in the Rental property calculator, its coming out a negat...
Ali Hashemi
Vacancy Tax Write Offs
Pretty straightforward, can I write off vacancies as losses? I must act legally but what (if anything) can i do to squeeze tax benefits out of vancancies?
Casey Young
Tax questions for VRBO.
Just finished rehab on our short term rental. 30k purchase, 100k rehab. We are expecting to make 50-60k a year on the rental. My Adjusted gross income is over 150k. Can anyone help explain what I'll be able to claim a...