Ayoka Moss
Tax deductible? - tenants rented for a month while I started capital improvements -
Hi, I just want to understand if I bought a property (quad) and received rent while I started the capital improvements .. can I deduct the expenses of the rehab still? This was a major rehab over 6 figures. Ty and ha...
Lawrence Walker
New Investor From Huntsville
Hi BP,
I am a 29 year old beginner in REI and I have recently moved to the Huntsville, Alabama (Madison county) area. My plan is to start in wholesaling and then invest in multiple rental properties to bring ...
Shane Huckstadt
New from Chicago Suburbs or Daytona Beach, Florida
My name is Shane, and I'm currently living in Grayslake, IL which is a far north Chicago suburb. I own 2 rental properties, a former primary home of ours, a 3/2.5 in Round Lake, IL and a condo in Oak Park, IL.I say t...
Thomas Jaskulski
How far out to set the closing date on a wholesale contract?
I'm new to REI and I haven't done a single deal yet, but I have been confiding in a good friend that has been doing BRRRR's for a few years now. My starting strategy is to do a few fix & flips to build some cash r...
James Breese
Texas -STR Markets
My wife and I are searching the markets in Texas to purchase our first STR. As we search, the numbers Pricelabs is showing for revenue and occupancy are just not there. We have looked into Canyon Lake, Buchanan Dam, L...
Suzanne Griffiths
Addition in Chanhassen and Reno in St Paul MN
We are getting going in the Twin Cities area and things have been exciting for the last month to say the least. We closed on our property in Chanhassen MN, have plans drawn up and working on finalizing with a contrac...
Justin Lee
W9 to 1099 for independent contracts
I have a few vendors that I paid over $600 for services that were independent contractors and wanted to know the process for taxes. I have some W9s and some I don't. How do I proceed from here to include the labor cha...
Glenn N.
Taxes with hard money lenders
How do hard money lenders that do not put them selves out to the public and lend only to 3 individuals I know that have LLC's. You pay federal taxes , how about local taxes ? The llc's are in Florida but I live In Tex...
Will Porter
Using HELOC to buy-and-hold, how do you pay it back?
I'm curious if it makes sense to use a home equity line of credit (HELOC) to fund the down payment & rehab on a buy-and-hold rent property, but I'm not sure what the exit strategy would be. If you just pay back th...
Zeb Wallace
Pros and Cons - Registering LLC in-state vs. out of state
I have a property in CA that I want to put into an LLC.A lawyer advised me to register my LLC in Nevada and then complete the foreign entity process for the LLC to also be registered in California, where the property ...