Jason Harkless
1099-Misc for Section 8 rent collected
So, my first year receiving 1099s for rental property and the local housing authority issued me a 1099, while the 1099 my PM issued including ALL rent $ they received, effectively meaning the IRS thinks I made more th...
Alazar Wubet
How do i know if a contractor is legit?
I tried reading reviews and checking the BBB website(he is listed although not accredited) I asked for pictures of work done. everything checks out. Is there anything else i should be checking before signing the contr...
Kisha Lindsay
What is a good Accounting Software for rental properties
what is best accounting software for rental properties?
Account Closed
How Should I Depreciate a Sewer Line on my Taxes?
I had a sewer line collapse in my duplex last fall - the old clay pipe collapsed, causing black water leakage into my basement and I called in Roto Rooter for an emergency containment and restoration since I had tenan...
Gilles D.
1031 and FIRPTA
Hi everyone!I am close to listing one of my properties that thankfully has appreciated a bunch over the past couple of years.A couple of things I was wondering about in regards to the sale of this property, I plan on ...
Michelle Le Mere
Flower farm tax deductions
I am not sure if this is the right forum, but I am wanting to start a flower farm this spring and was wondering how to go about it? Do I become an LLC first and then save my receipts for tax purposes or what? And, d...
Alex W
C Corp or LLC as member of LLC to hold property (rental)
Hi guys, I have consulted a couple of asset protection/tax professionals and each have different ways of trying to structure my asset protection/tax strategies, which made everything more confusing.
1st scenario is t...
DJ Waddell
Purchasing a note to do a Deed in Lieu
Has anyone had any experience purchasing a note from Loandepot.com? I noticed that they have filed Lis Pendnes on a home that is in my area. The house seems to be in good condition and I think it would be an easy flip...
Jae Morenike
How to navigate purchasing property from a dissolved LLC or INC
Hey BiggerPockets Family :-)I ran across a property that is owned by a dissolved Corporation in Atlanta with back taxes and the CEO has passed away based on my research of the members on the corporation. However the ...
Drew McLoughlin
Advice for my first eviction
Open to any tips for going through an eviction in Texas! Just closed on a quadplex in Texas last month (woohoo) and am about to start the process of evicting one of the tenants I inherited for non-payment of rent (not...