Account Closed
First Real Estate Job
Hi All,I'm currently working in the finance department of a fortune 500 company and am just starting out in real estate investing on the side. I've been told that one of the best ways to start out and learn about REI ...
Bailey Schober
Paying Contractor Question
I recently purchased my first rental property and closed on February 27th. My friend and I spent about a total of 15-20 hours at the property getting it ready by installing and fixing some things to help make it as ma...
Account Closed
From personal experience, fix and flip or rental properties ?
Hello Everyone,
My name is Bijou Diaou, and I wanted to hear from personal experience which investment strategy would you prefer fix and flip or rental properties? If you can include your reasoning, it will be highly...
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...
Robert James
Partitioning expenses across multiple units
I own a duplex, live in one unit.It has two separate street addresses, but the mortgage interest, etc. is apportioned in a lump sum to the whole building.When it comes to apportioning expenses such as mortgage interes...
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...
Luke G.
1031ing multiple properties with different LLC's.
I've asked around in my real estate circles and nobody seems to have a definitive answer (including my CPA or the 1031 intermediary). I'm currently selling 2 properties owned by 2 different LLC's (I'm the sole owner ...
Joshua Knapp
Tax Deduction Question
To take expense deductions for 2020 on a new property being used as a b/b such as appliances, furniture etc, does the receipt need to be dated in 2020 or can it be dated up until filing deadline of 4/15/2021?
Paige Kuhbacher
Investing/Property Management Business Questions
My husband and I recently purchased our first investment rental property. This was done in our names. We also started an LLC and have been operating the business to manage the property.Any insight on the following que...
Mike Adams
Rental application approval
I make about 120k a year and looking to rent a nice condo for about 2000 a month. My score is 620 and is low because of my current debt levels. I have several credit cards with balances but I will have 2 paid off next...