Hi BP Community, I am searching and cannot find an answer to this so thought I would start a post and see if the BP community can help us navigate. My wife and I are looking to invest into Fundrise, an eReit, that inv...
I searched a bit and could not find the answer to this. Is the 100hrs goal for materially participating per property or per portfolio? Thanks
I am moving out of state. The state I will move to has a 6.5% income tax. I will have a rental unit in my home state of Tennessee. Can I assume the rental income I receive will be taxable in my new state of residen...
Hey BP, I have an investment and home inspector LLC registered in the state of Montana. I have a rental in my personal name in the state of Utah that cash flows monthly. I was wondering, is there a way to tie the UT r...
I heard somewhere that there is a seven dollar per diem write-off allowed for food when visiting a rental property. Does anyone know if this is correct? Seems a little low.
Hello. I'm trying to find a business physical address here in Texas for my entities (WY LLC and my TX LLC). Thankfully, WY doesn't require the physical address to be in WY. Does anyone know of any good sites that can ...
My wife and I are just starting out with REI. We've set up company emails and a website. Now we are trying to get the tax and EIN stuff straight. What's is the best path to ensure we don't start out on a bad note by p...
not sure if this is the appropriate forum, so I also posted on one other forum. here goes:SD-IRA, checkbook control (LLC). want to purchase multiplex for 290k but finance around 30-40%. I am told that the loan to t...
Hi, I've become the manager of my parents' real estate investment companies pretty much out of the blue. Long story. Right now it's being self-managed by my Dad and a few family members. I know that I delegate this to...
Last year, we spent $15K fixing a flooding issue in our rental's crawl space. We hired Company A (an emergency flooding company) to pump out the one foot of water and remove all wet/moldy drywall at a cost of $5K. A c...