Nick Ferguson
Using Venmo to collect rent
Has anyone used Venmo to collect rent? If so, what was your experience?I'm currently using a bank that has a branch both where I live and where my property is (about 4 hours drive). I am thinking about switching all...
Account Closed
Thoughts on a previous dollar store for sale to then rent to a gym & salon in a semi-rural small community?
For geography, the property is ~20 miles NW of San Antonio, TX in a neighboring county. The recently-built dollar store lost the battle with then neighboring dollar store and the small grocery/hardware store. I hear t...
Terone Johnson
Bonus Depreciation on Rental Properties
Hi, for those here who own rental properties 1-4 unit residential, Are we able to use bonus depreciation when filing taxes on these assets? I was told that you are only able to depreciate These assets with their norma...
Donna Regev
Accelerated Depreciation - how to use it?
Accelerated Depreciation - can you use it on your taxes when you are an investor in a group purchase of a multifamily Apartment Complex? or an investment in a Senior Assisted Living Facility? What type of investments ...
Charles Hinson
Sales Tax on proceeds of sale?
Hi folks,I'm working on a Flip (my 1st property) with a JV Partner in Albuquerque, NM. I'm having a discussion with my accountant at the moment about sales tax. He's my personal accountant who I'm trying to convert ...
Vic Stezin
Has any one heard of a landlord requiring a W-9 from a tenant?
I am curious what the purpose of requiring a tenant to sign a W-9 might be. I have never had to do that when I rented before. The landlord is saying their bank requires it.
Steele Kruzel
BRRRR taxes advice
Hello! I'm looking for some advice and guidance. I recently purchased my first rental property in 2023 for about 130k. I'm going to put about 60k into it. It's in my name and not an LLC. I plan to convert to an LL...
Andrea Johnson
Looking for Lenders in Omaha Nebraska
Hello BP,I want to take the next step and see how much I can afford by getting pre-approved. Any suggestions on where to go for financing in Omaha,Ne and why you picked that particular Lender? Thanks BP
Robert K.
Help - Setup my Series LLC and have 1 property...
Hello All,
I paid a real estate attorney to set up a Texas Series LLC for my real estate rental business. I am treating the main LLC as the parent/holding company and have placed one property that is paid for in one...
Anthony Garcia
What should MY reserves be?
I know this has been asked a million times over the years in a generalized approach... but I want to discuss my current situation, reserves, etc and get opinions on whether I should adjust.I own 7 properties, 2 2-unit...