We're a married couple that both work W-2 jobs (approx. $200k together in 2023). We launched our first STR last fall (2023). It was a new build, and we spent quite a bit of time and money to get it up and running for ...
BP,
Lots of ambiguous info out there regarding these tax matters (to be expected). If I have 6 rental properties, all under a single-member LLC, is it worth exploring the option of listing income on schedule C and t...
I purchased a condo in September of 2018. Rehabbed the property in one month. I started marketing the property with availability starting October 12th. I immediately received three weekend bookings and an inquiry f...
"Time is Money" or as so they say.If you have not learn then heed theses words of advice learn to set "Schedules".Learning to set construction schedule can help make or break your profits. Learning to recognize what l...
Anyone have a schedule they use when rehabbing? What do you do 1st, 2nd, etc.? I would imagine painting and floors are last.
My wife and I acquired our first rental property this past August 2020. The property is a multiplex and we are currently house hacking. It was tough to take the leap but we have talked about investing for so long we f...
Hi, I'm doing DD on a note. The borrower filed BK 7. The court relieved the borrower from the obligation to pay the mortgage. However, I've read that this action by the court does not remove the lien that I may pur...
Happy New Year All -So one of my goals for 2019 is to get my book keeping much more organized, and while doing that I have a question I thought I would throw out to those more experienced than I. 5 years ago I left my...
Hi all,My wife and I are set to close on our first rental property next month which we plan to manage ourselves and we also manage a rental property that is owned by my parents. We both have income from W-2 jobs but m...
I have read sources/watched videos, etc. regarding reporting rental income on your Schedule C vs. Schedule E. Each source comments on why one may be better or the other. Frankly, it seems like depending upon the sou...