Mortgage Interest, Real Estate LLCs, and Boozy Airbnb Gifts

Mortgage Interest, Real Estate LLCs, and Boozy Airbnb Gifts

Episode #322

Your new Airbnb is set up and ready to go. You’re just finishing up the welcome gift and slipping in a bottle of wine as a pleasant surprise for your guest. Oops…you might have just put yourself in a BAD position. On this week’s Rookie Reply, Ashley and Tony are getting into the moral muddiness of including boozy gifts in your welcome package, how to account for your mortgage interest expense, and when you should (and shouldn’t) buy a property in an LLC.

You’ve got the real estate questions; Ashley and Tony have the answers. But we’re not just debating whether your guests should crack a couple cold ones on your dime. We’ll also get into how to find past purchase prices for ANY home, a property tax breakdown with some tips to save you money, and the difference between appraised and assessed value.

If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group, call us at the Rookie Request Line (1-888-5-ROOKIE), or click here: https://www.biggerpockets.com/reply?utm_source=youtube&utm_medium=description&utm_campaign=none

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Join BiggerPockets for FREE:
https://www.biggerpockets.com/signup?utm_source=owned_media
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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
http://biggerpockets.com/lendermatch
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Submit Your Real Estate Rookie Question!
https://www.biggerpockets.com/reply?utm_source=youtube&utm_medium=description&utm_campaign=none
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Calculate Your Interest Write-Off with The BiggerPockets Rental Property Calculator:
https://www.biggerpockets.com/rental-property-calculator?utm_source=owned_media
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Do Landlords Need an LLC for Rental Property?
https://www.biggerpockets.com/blog/purchasing-property-llc-why-how?utm_source=youtube&utm_medium=description&utm_campaign=none
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Mortgage Interest Deductions 101: What You Should Know:
https://www.biggerpockets.com/blog/mortgage-interest-deduction?utm_source=youtube&utm_medium=description&utm_campaign=none
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Look Up Past Property Prices:
Invelo: https://app.inveloapp.com/login/?ref=%2Fregister%2F
PropStream: https://propstream.com/bp
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Check Out Unforgettable Stays with Dell Collective:
@dellcollective or https://www.instagram.com/dellcollective/
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
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Shoot Ashley and Tony a Question on Instagram!
@wealthfromrentals or https://www.instagram.com/wealthfromrentals/
@tonyjrobinson or https://www.instagram.com/tonyjrobinson/

Show notes at: https://www.biggerpockets.com/blog/rookie-322?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 Intro

03:26 How to Account for Mortgage Interest

06:49 Do You Need an LLC?

13:02 Add THIS to Your Welcome Gift?

26:36 Where to Find Home Sales History

32:07 Property Tax Breakdown

36:37 Send Us Your Question!


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