Julio Gonzalez
Must Read Before Renovations!
Many of us real estate investors at one point or another in our REI careers will flip a house or perform a demo on a property. With demos and gutting properties comes a lot of waste. But did you know that you can actu...
Gordon Tanner
Lease Clause for Communication Method?
Do you guys have a standard clause to put in lease for what constitutes a formal/ legal communication method, and what responsibilities tenant has in responding?We communicated with tenants almost exclusively by e-mai...
Jeffrey H.
Donations from a Foreclosure
Hi All,In 2016 I bought a mobile home on land for $2,500 that was condemned by the county and was going to be foreclosed. It had sat for about 5 years unoccupied. The contents inside the home were eerily untouched -...
Kenia Crevoisier
You can deduct charitable donations even if you do not itemize
Hi BP members. I am CPA that specializes I real estate and international tax. I am also an aspiring real estate investor I hope to connect with other RE investors and share some of my tax knowledge with you all. I’d l...
Jake Sklanka
Are EOY Charitable donations from S Corp tax deductible?
Hello BP Community,I recently set up an S Corp for my RE business (Colorado RE Broker) at my CPA's direction. He's been out of office for the past few weeks and I want know if there's anything else I need to do before...
Parmer Cherry
Tax right offs for rehab demo
Hey guys,
I am a new real estate investor and I am trying to save money in every way during our second deal, first rehab. I remember working for a real estate investment group and they mentioned taking the removed fa...
Art Maydan
Donate vs. Sell Clothes
I have a few boxes of clothes I'm getting rid of. Does it make sense to sell any of it at one of those clothing reselling places or will donating everything be better? Is there a cap to the write-off? Would they just ...
Ryan Dyess
Investment Property cleanout donations
I am about to close on a property to flip. The homeowner lost her husband and just wanted out of the property. She is overwhelmed with the situation so I told her to just take her valuables and leave the rest of the g...
Michael Plaks
Tax reform Q&A Thread 3 - Itemized and business deductions
Colleagues and friends,The original GOP reform thread started by @Brandon Hall is well over 200 posts by now. This is one of the follow-up threads specifically for discussion of personal itemized (Schedule A) deductio...
Mark Lucido
Charitable donations: Personally or from LLC?
I'm curious how other investors are making their charitable donations, particularly if they own an LLC. I'm considering making my donations from my LLCs and in my particular instance, my LLC Partnership income flows ...