Jack Taylor
LLC vs. Personal for Fix / Flip and/or Rental
Hi, I have a self-directed IRA that I plan to use to purchase a fixer upper. I'm debating whether I should sell the house once flipped, or refinance once rehabbed and then rent it out. The question is, I can get a low...
Kyle Donlea
New Agent looking for Advice on building my brand
Who here has experience with BatchLeads? I'm a new agent looking to build my Client base in an effective manor. I'm wondering if its worth the monthly membership price. I've also been advised to look up my county tax ...
Mark Gruetzmacher
Mobile Homes with repairs-Expenses/Tax question
Hey Everyone, If you caught my last thread you will know I bought a couple mobile homes to be used as rentals. Both of these mobile homes need repairs, flooring, cabinets, sheetrock, windows, siding, etc. Once fixed...
Account Closed
Analyze This Deal
Hello BP,I am analyzing a deal that I found on Zillow, and it looks like such a steal! I am a little troubled though because it has been on Zillow for 21 days. It is a FSBO triplex, located in one of the better neighb...
Michael King
Looking for a new CPA, in St. Louis or even Wildwood, maybe?
I have a CPA I've been using in Texas for a number of years. He's always done magic tricks with the IRS for me and lately I've noticed some red flags. One of them was he didn't put one of my rental property taxes in l...
Jason Haymond
50% Rule - Where do I keep the money?
Hello all!
I’m familiar with using the 50% rule as a napkin number, which includes more immediate things like upkeep, property management, and property taxes; but for the long term things like a roof, what do I do wi...
Helen Falk
Can I live & partially rent out a LLC house?
Hi everyone, I am pretty new to real estate investment. Currently looking at vacation rental options in Utah and Wyoming, and if we purchase a house, we would like to put it under an LLC. The question is, is that okay...
Greg W.
Individual LLCs and/or Holding Company?
If you have one property, you put it into an LLC, get an EIN and a business checking account for it and run you income and expenses through it. No problem.Now say you have 35 properties and each are held in individual...
Travis Downs
Parent to child mortgage. Need advice.
So I have a a friend that wants to purchase a property. I have agreed to be her agent. I'm still much a novice when it comes to real estate due to the fact I work a full time job in sales. Her parents will be paying f...
William Brock
Are furnishings tax deductible?
I am in the process of buying a STR lakehouse and was wondering if the furnishing costs are tax deductible? I'm talking furniture, kitchenware, etc - everything I need to have in place to rent it out. I would expect y...