Big thanks to you and Matt for hanging w us! Appreciate you two! 🙏🏽
@emilylicari1255Ай бұрын
Say I have 5 arbitrage units, in five different buildings and the leases all list my LLC. Am I filing a schedule E for the business or am I filing separate for each "property". If schedule E what is the property selection? Self rental? These are midterm, so STR #3 doesn't seem to apply. Or I've seen people saying this should be a schedule c instead. I have not seen anyone create video content around this yet, and it would be super helpful!
@amandahancpaАй бұрын
If you own 100% of the LLC, then each property is listed as a separate property on your schedule E.
@TJ-th9hw Жыл бұрын
Amazing episode with Amanda and Matt. Great Tax tips! Thanks Jesse for having them on the show.
@JesseVasquezAirVenture Жыл бұрын
Hey TJ thanks for tuning in!
@dotpenji11 ай бұрын
You both are incredibly knowledgeable about real estate taxes, and your insights have been eye-opening. What are the key tax strategies they should prioritize to maximize their benefits and reduce their tax liability?
@UserPat-g4z10 ай бұрын
Jesse, this episode is truly outstanding! A big thank you! 🙌
@Lynaka1 Жыл бұрын
Great information as always!!!
@JesseVasquezAirVenture Жыл бұрын
Thanks again!
@jessealfonzo6032 Жыл бұрын
Fantastic episode Jesse!! THANK YOU 🙌
@JesseVasquezAirVenture Жыл бұрын
Thanks Jess!
@jaydajourney2884 Жыл бұрын
Thank you Jesse, this is such a great episode so far!!!!😊
@JesseVasquezAirVenture Жыл бұрын
Hey Jayda! Thanks for watching!
@kellybailey5827 Жыл бұрын
Great topic Jesse!
@JesseVasquezAirVenture Жыл бұрын
Hey Kelly thank you 🙏🏽
@crystaluncharted8366 Жыл бұрын
definitely would love the help. This Was and is right on time
@JesseVasquezAirVenture Жыл бұрын
Hey crystal! Timing worked out perfectly!
@crystaluncharted8366 Жыл бұрын
I do not own I sublease out my apartments. I have 3 and they are all on furnish finder. So I would love to get some insight on the tax side of this. I really need to learn so much about taxes. And yes I still work a w2 job as well. Also have a first that has been empty since July 28th.
@djcdubb11 ай бұрын
Thank you for this great content Jesse! Have you done a video yet on forming LLC vs. S-Corp for a MTR? Pros and cons for tax purposes? I didn't see anything in your library. We are in a fantastic location for MTRs and about to list for the first time....just trying to get liability protection and have everything set up properly first and there are so many competing recommendations online.
@amandahancpa11 ай бұрын
My two cents: Do not put the rental property itself into an S Corporation...that could be very detrimental in terms of tax benefits. But maybe Jesse and I should do a video on this question!
@JesseVasquezAirVenture11 ай бұрын
I love it, and answer straight from the source! We totally should Amanda!
@user-fy4lv6mf5n11 ай бұрын
Step one is identifying the entity type of the business. Everything changes in taxes based on that. Are you a business like budget suites for instance? They buy, rent and maintain property but they are not a real estate professional nor a real estate investor, they are a business. Are you a single member LLC? Are the properties in your personal name with no entity? Are you filing as an S-Cor? Are you a C-Corp? Big differences between the types of entities and filings. I never heard that mentioned here.
@JesseVasquezAirVenture10 ай бұрын
Will check in w Amanda on this
@AtHomeWithNissy Жыл бұрын
Great episode!
@JesseVasquezAirVenture Жыл бұрын
Hey 👋🏽 thank you 🙌🏽
@AtHomeWithNissy Жыл бұрын
@@JesseVasquezAirVenture I like that ask the questions about taxes and arbitrage & how to specifically keep a record of time spent in working in the medium term rental space ( for tax deduction purposes). My husband and I are learning alot. We are considering the medium term rental option on one of our duplex units and we’re concerned how it would affect the long term tenant. Also, currently in the process of setting up the Airbnb arbitrage option on my mom’s place. Had some concerns about that…We have a good amount of travel nurses in our city. Thank you for these videos
@connorcarlin6056 Жыл бұрын
Your bringing a tonne of value brother
@JesseVasquezAirVenture Жыл бұрын
Thx my man!
@massyb5 ай бұрын
This is great information.
@JesseVasquezAirVenture5 ай бұрын
Hey thanks for checking it out!
@Finecwithcthat Жыл бұрын
This is excellent info. Thanks for sharing!!! I am looking to refinance debt I have from starting my rentals business. I have about 37k I’d like to refinance with the lowest interest rate possible. My credit score was originally 770 before I started the business, and after the investments I’ve made on 2 houses, it is down to 670. Do you have any recommendations on where I can find a willing lender who understands real estate investment? (like was mentioned in this video)
@JesseVasquezAirVenture11 ай бұрын
I work with a ton of folks, id suggest to connect with local smaller banks, they typically have better options for you. build an actual relationship with a banker this has helped me a ton over the years
@dzrkdw6 ай бұрын
If you listen to any RE podcast or video Keystone constantly are the ones for taxes. This year I am going to leave my current CPA and go with them. To answer your question on a recommendation I would HIGHLY recommend Caeli Ridge with Ridge Lending. She is just as amazing as Amanda and Matt. She provides tons of free content and all of my RE loans have been with Ridge. I am telling you if you call Ridge you will have a person answer probably on the second ring. From there you will be treated like gold. Schedule an appt with Caeli (pronounced Chay - Lee) and your welcome. She is amazing!!!!
@illmatic336 ай бұрын
Why tf is a $3000 booking triggering 600 in taxes for a 30 night booking? When i sign a lease for how many months, im not paying 20 percent 🤬🤬🤬🤬🤬
@annakupferman1724 Жыл бұрын
Hi Jesse, thank you the wonderful content! Do you require your medium term renters to complete a renters app beforehand (background check, income verification, eviction history, etc)? I have my first MTR lead but they are giving me trouble about the app. But they want to rent for 6 months. Also, do you require first and last months rent? Do you allow them to pay with credit card (we could give them the option on RentRedi, but I’m worried they might max out their card and then not pay)
@JesseVasquezAirVenture Жыл бұрын
Hey there! I 100% have them fill out every single thing just as if they were a traditional, long-term rental tenant. I do require first month rent last months rent I do not, but I will ask for a holding deposit which is very similar to last months rent. It typically is about 50%. Keep in mind a lot of the folks that I work with are usually agencies they pay and do not have any problems whatsoever with the amounts that I bring up. If you’re working with an individual, it’s a totally different conversation. That being said, I still will take credit cards ( many travel, workers and business folks like to put their stay on credit cards for points, etc.) Just make sure that you put in your lease that they’re able to do this take credit cards, etc., you do wanna make sure that you at least have in your lease terms that if the credit card is denied or if they file a claim against that credit card that they are still liable for the rent regardless. Make sure that they signed in agreement stating that that is the case.
@annakupferman1724 Жыл бұрын
@@JesseVasquezAirVenture Jesse, thank you so much for this awesome advice and insight. I appreciate it so much! Hopefully about to sign my first ever MTR client! Can’t wait for your next video.
@JesseVasquezAirVenture Жыл бұрын
@@annakupferman1724 so excited for you Anna! 🙌🏽 first of many!🚀🚀