Raphaela Todd
Buying Fourplexes in Another State
QUESTION FOR THE BP EXPERTS:: I am interested in buying fourplexes for passive income. However, I live in Las Vegas, Nevada and the location of the multi-family properties are in bad neighborhoods. So, my questio...
Matt Wells
What Are the Pros and Cons of Buying a TIC Unit for a Primary Residence?
I'm thinking of buying a tenancy in common unit as a primary residence. I may lease it out after a few years if it's allowed. I know TIC units are harder to get loans for, which makes them harder to sell and could imp...
Sunny S.
Passive investment on h1b
Is it allowed to own and get rental income from a real estate while on H1B visa ? Also is it allowed to form an LLC for a rentalProperty on H1b ?What are the tax forms that need to be submitted when the property is ma...
Bob Woelfel
Capital Expense or Maintenance Expense??
Accounting question....would a new appliance for one of my rentals be considered a maintenance expense or cap ex for accounting purposes?Would that change if it were a flip project? Thanks.
Steve Dunford
Should I work with a CPA for short term and long term rentals?
Should I work with a CPA for short term and long term rentals? I am currently managing both myself and feel I am missing out on tax advantages or throwing money away. Does a good CPA help someone with single family re...
Mason Jobst
Same contract? Separate?
So I have a situation just trying to figure the best way to go about it! Need some help!
I have 2 houses both same owner, that I'm wholesaling I'm the middle man. On the other end I have a buyer that wants both shoul...
Melissa Wagner
Selling property in Louisiana
Hello,I reside in California. Just over a year ago I bought 3 properties in Bossier City, Louisiana. I then put them in a Louisiana LLC. I would like to sell one of the properties and I’m wondering if it’s better to d...
Shane Dolinski
4 Plex Abq NE Heights Buy and Hold
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $450,000
Cash invested: $120,000
This 4 plex came across my desk. It was a 4 plex near my other one. It is i...
Holly Prokop
2014 taxes start up deductions
hello~ seeking guidance regarding "start up" deductionsOur 1st rental was in service April 1st 2014. We spent OVER 5k to prepare the home to be rented. These funds include things like utilities, materials for plaster...
James Miller
Do you use expenses or mileage reimbursement?
New member here. I just posted in "new intros". I have a question. I started managing some properties my dad and I own. They are spit into several LLC's. The vehicles that will be used in the management and upkeep of ...