I'm just starting out and I don't think I'll create an LLC to invest in my first few rental properties. Should I still create a new bank account (and get new debit/credit cards) for all the income/expenses for these r...
I am reading a book “every landlords tax deduction guide”, which was recommended to me from this site. I understand that the 27.5 year depreciation is only for the house and not the land value.
I bought a piece o...
I know that I am limited to placing $5,500 per year into an IRA. But it appears that I can still put money in and have it count for 2016 if I do it before the tax filing deadline, right? So can I open an IRA, max it o...
STR Life- Remitting Tax
I got a good question for the BP fam. If you are a STR operator how do you deal with remitting and paying tax? Now, if you do not use a PMS and only have a few properties or only operate on A...
My accountant in Florida is telling me that the interest i pay on my refinance loans on my properties cannot be claimed as tax expenses. This seems crazy to me. Can anyone please explain this further? Kind regards...
Hello BPers!Quick question. Looking to purchase our first property by April/May of this year. Assuming it's bet to make sure that funds for REI don't co-mingle with private funds from the get go, but I also feel it's ...
Hello,I am really enjoying learning here every day. But each day brings more questions. Let's say you have $300 positive cash flow on your only rental. You plan to set aside (totally random numbers) $50 for repair fun...
Hello,I am an american living in Paris and I have recently started investing in real estate. I have purchased three apartments in the last two years (in Paris and Marseille) and am looking for more! I have learned a l...
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...
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 ...