Elizabeth Lester-Medado
Taxes: LTR file as a business?
I have read articles that say you can file your real estate investment as a business, but two CPAs I have spoken with say no. Does anyone here file as a business? I have one long term rental. I have spent many many ho...
Margaret Feit
Accounting for Wildfire Total Loss and Rebuild
I am in the unfortunate position of having my TN short term rental property burned to the ground in a wildfire this week. I am planning to rebuild and hoping insurance will cover most of the costs, but I might see if ...
Cody Cross
Husband Of A Travel Nurse
Hey everyone! I’m having some trouble.I’m an active investor/realtor in Lake Charles LA and am now in Richmond, Virginia for the next 80 days while my wife works a travel nurse assignment.I have a lot of different pro...
Devon Greenfield
Question about LLCs for out of state investor
We currently live in Washington state but are moving back to our home state of South Dakota this summer. We have put in an offer on an 8-plex in Iowa. We will be using a HELOC to finance 100% of the purchase in the na...
Sarah Bristow
First time flipper looking for HML financing!!!
I have $50k to play with, I have a partner with 20+ years experience in construction (wide skillset), I myself have 10+ years experience in construction management (office and on site), HUGE network of people and busi...
Roy Mitle
Zero tax: schedule E losses from rental with passive income
I have a rental which has accumulated a lot of losses on schedule E. Mainly due to depreciation. I intend to not sell the rental and pass it on my kids. In that case they will get step up basis and won't have to care ...
Adam Mitchell
Do I need an accountant?
Hey BP! I bought a duplex in August. We moved in and rehabbed 1 side so far. Did all the work myself. I have always done my taxes myself, but does owning a home with a tenant change things? Should I just cut out the p...
Casey Kernan
1031 Exchange related parties
My mom purchased a SFH for investment purposes and my husband and I have been renting from her. She bought the property doing a 1031 exchange using the trust that I am a beneficiary of. My husband and I are not looki...
Chris Jones
Have a Monte Lee-Wen CRE Home Study Course
Hi all,Currently have a Monte Lee Wen Commercial Real Estate Investment Home Study Course which i'm looking to get rid of for the right price.Anyhow, anyone interested or can give me some ideas on where to advertise t...
Scott B.
4-plex or 5 -plex?
BP's,I'm looking at a property that has 4 units in it. These 4 separate areas are a 1 bedroom and 1 bath. There is also a duplex attached to this building, so I'm assuming for lending purposes, this building is classi...