Ed Emmons
Financial Independence quickly and safely.
Many get in to real estate with the goal of being financially independent. My definition of being financially independent is to have more residual income than you have expenses. It can be achieved by having $1,000,000...
David V.
Polyurea Garage Floor - expense or improvement
Quick question to the Tax pros out there. I am considering resurficing my rental garage floor with Plyurea and was wondering if this can be expensed or is this an improvement that needs to be depreciated? I suspect ...
Joshua T.
How to keep contemporaneous logs for pass through tax deduction
I want to document my agent's and my own activities so I can claim the 20% Pass-Through Tax Deduction (aka Safe Harbor). I know the logs have to be contemporaneous. Wondering how others are doing this?
Jean-Marie Poth
Pulling income out of my rental account
I am a new landlord and my rental bank account is just starting to gain a little momentum. I keep it separate from my personal accounts. Apart from keeping what I need as far as mortgage, taxes, insurance, and cushi...
Michael Ruvido
Expense or Capital Improvement?
Hi All -I have what I hope is a quick question for the tax professionals out there. The master bath in one of our rentals only has a jacuzzi tub, no shower head at all (weird, I know!). We're going to tear out the d...
Patrick Thomas Dickinson
Capital gains paid to irs
Quick question, I’m in California and will have a sizable, capital gains tax bill owed to the IRS and the state of California in the near future. my question is how quickly does the capital gains tax liability need to...
Scott Mac
Which Areas Will Recover Financially From the Virus First?
I think Texas will be the first market to recover from the financial impact of the virus. Texas is a jobs Tiger.
Then in no particular order, Utah, Montana, No. and So, Dakota and Idaho (because they are not as effec...
Jesse Krall
Good investment areas in SW Atlanta?
Im a out of state wholesaler looking to do some deals in SW Atlanta suburbs. Can anyone recommend areas i should look, places i should stay away from things like that. Thank you in advance.
Chen Avnery
Seeking Advice: Achieving Better ROI Than the 1% Rule in Real Estate Investments
Hello all,
I'm seeking advice on achieving a higher ROI in real estate investments beyond the 1% rule and maintaining around 35% of monthly operational expenses (including Cap-ex, maintenance, property tax, and vacan...
Ray Reed
Removing a locked bolted down safe
Hello BP,So I had to evict a tenant that was formerly the property owner. We discovered a bolted down locked safe in one of the closets. She would not give my workers, who helped her move, the combination. The wood ...