Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
Followed Discussions Followed Categories Followed People Followed Locations
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Anita Z.

Anita Z. has started 12 posts and replied 28 times.

@Bill Hampton @Account Closed 

@Benjmin Weinhart @Sean O'Keefe  Thank you so much, the expenses are legitimate and I am only traveling due to the investments I want to purchase San Diego. Sounds like I can safely write them off only after I purchase the rental and start the renovations to ultimately rent it out. I  appreciate all the responses, thank you.

Post: Legal Tax Writeoffs for travel

Anita Z.Posted
  • Posts 28
  • Votes 15

Hi,


What do i I need to write off travel that is used to look for a property to invest in?

Do I need a business license ?

Can I write off all expenses from the trip, such as hotel, meals and travel costs like gas, or airfare? Is 100% of these costs a write-off?

Also, as a real estate investor, can I write off 100% of the education travel for real estate, such as the Bigger Pockets Cancun conference?

Hi, 


What do i I need to write off travel that is used to look for a property to invest in?

Do I need a business license ?

Can I write off all expenses from the trip, such as hotel, meals and travel costs like gas, or airfare?   Is 100% of these costs a write-off?

Also, as a real estate investor, can I write off 100% of the education travel for real estate,  such as the Bigger Pockets Cancun conference?

Post: Should I form an LLC ?

Anita Z.Posted
  • Posts 28
  • Votes 15

@Lindsey Mannix @Don Konipol Thank you this is great information and super helpful. So, I assume that I do need to file for a business license where the rental is located, so I can open a business bank account in the LLC's name, is this correct?

Post: Should I form an LLC ?

Anita Z.Posted
  • Posts 28
  • Votes 15

What is the best route to form an LLC? I know it can be done online with various sources, is this the best / trusted route?

Post: Should I form an LLC ?

Anita Z.Posted
  • Posts 28
  • Votes 15

Thank you @Lindsey Mannix   I appreciate your response-good info.

Can you clarify what you mean by "everything must be done through that LLC"?

Also, do you use your personal name for the LLC, or do you form a business name (fictitious name) for it?

Again, thank you so much for your info on this!

hi, hoping to get some direction here. I have 8 properties and need some help on how best to put them in an LLC, under what name, and how to best leave protect them for my children later in life. Do I need a financial planner, advisor, attorney, etc?

I would also love to get a professional who is experienced in real estate law/tax strategies, so I can determine my best next course of action regarding a new purchase.

I've had some companies reach out to me, but use various titles, so I'm a bit confused on this, and would love to know who I need to go to for help.

Any thoughts, comments or direction would certainly help. 

Thanks.

Hi, Is it best to form an LLC if I own and manage 8 rental units?

Also, do I need a business license to form an LLC company?

If its not needed, should I get one if I'll be managing my rental units?

What are the pros and cons if any?

Post: Should I form an LLC ?

Anita Z.Posted
  • Posts 28
  • Votes 15

Hi, Is it best to form an LLC if I have 8 rental units?

I Know I can get an LLC online, but do I need a business license or should I get one if I'll be managing the rental units?

What are the pros and cons if any?

Thanks @Melanie P. and @Bruce Woodruff for your input.

I go back and forth on this and trying to see things from various points of view, so I appreciate both comments.   I would likely rent it out whenever possible when I'm not staying there. The goal would be to have this cover or at least minimize the negative cash flow.

1 2 3