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Results (10000)
Roman S. Tenant doing business like activity
28 January 2020 | 6 replies

Hello fellow landlords. I have a tenant in TN that has been gradually building a pretty extensive garden in the backyard (property has a huge backyard) and transformed the garage into the green house, where they grow...

Bradley Pitts Rental Business: Active vs Passive Income
26 January 2022 | 2 replies

Hi,I think I understand the difference between active and passive income. Passive income applies to most small landlords/owners as they collect rent from tenants. This also applies to investors who collect interest or...

Nina Ning What's considered active trade or business ?
31 March 2021 | 0 replies

If I only have one or two rental properties, would IRS consider it an active trade or business so I can deduct Start up costs at least for $5000 ? Has anyone done the deduction in my situation? Thanks Nina

Mark Gonzalez Licensed by FINRA? Reporting Outside Business Activity.
8 October 2017 | 4 replies

Greeting BP Members,Is anyone out there actively investing in real estate while licensed by FINRA for their day job?  Have you had any issues with your employer or FINRA when reporting the Outside Business Activity? I...

Raj Sid New Tax Law May Encourage Home Rentals
27 March 2018 | 6 replies

https://www.wsj.com/articles/new-tax-law-may-encou...https://www.cnbc.com/2018/02/02/a-big-tax-break-co...How of this is applicable for rental property, if you are renting the whole house? Does this mean 20% of profit...

White Kandlez Wholesaling with no llc/scorp
8 December 2019 | 2 replies

Hi all,
Was just wondering about wholesaling without an llc/scorp. Is it ok to just use your name, and for how many wholesale transactions? I want to use profits for income first but I know taxes can be a pain (I'd l...

Jerry Chou entity structure and ways to expense business activities
11 December 2019 | 2 replies

Hi everyone,I'm new to BP and is trying to set up legal entities to start running rental property business. I did a couple studies but want to make sure I'm getting it correctly.For structuring the legal entities, it ...

Don Konipol Real Estate Business, Active Investor, or Passive Investor?
28 July 2024 | 3 replies

Real Estate Business
1. Real estate broker
2. Mortgage broker
3. Property manager
4. Asset manager
5. Syndicator
6. Fund manager
7. Appraiser
8. Wholesaler
9. Fix n flip
10. Builder/developer
11. STR arbitr...

Brandon Danowsky How Should We Describe Our Business for an EIDL Loan - Help
9 July 2020 | 0 replies

Hello, all.I am collaborating with a chief manager from an investment group on submitting a reconsideration letter for an EIDL loan. In their denial letter, the SBA stated that the business activity of the investment ...

Jon S. For a BRRRR investor, which miles are deductible?
18 May 2016 | 5 replies

What mileage is deductible for a real estate investor who practices the BRRRR strategy, works from home, and travels back and forth to the properties. During the renovation stage, I drive back and forth between home a...