Pixel Rogue
Unique damages from exiting tenant…
30 December 2024 | 5 replies
Windows are expensive to replace.4) Glue Residues - Lease is very specific for no double-side tape or adhesive (ie 3M pull tabs ok, but not double sided tape.)
Dallas Smith
Selling 2 properties
24 January 2025 | 5 replies
When you sell a property that has been depreciated, the IRS requires you to "recapture" the depreciation deductions, taxing that portion of the gain at ordinary income tax rates.
Jake Faris
LLC creation: any gotchas for this joint venture?
28 January 2025 | 4 replies
My understanding is that once I am a partner in the LLC, any money that I put into the property will be tax deductible.
Mohamad Guene
Mobile home investment.
8 January 2025 | 3 replies
., mobile homes often lose value over time unless they are situated on owned land) and tenant turnover.However, tax advantages include depreciation deductions, which allow you to offset rental income by writing off the property's value over time, and cost segregation, which accelerates certain deductions.
Jason Sung
Water leak at a bathroom and insurance claim (Safeco)
15 January 2025 | 6 replies
I have landlord insurance with deductible $2500. the house has continuous flooring, meaning the entire house has same LVP.
Jerry Chilimidos
SDIRA lending and borrowing.
24 January 2025 | 16 replies
As explained above, income from the financed portion of the property in an IRA would be taxed as well, but you can deduct related expenses, including depreciation, to minimize this tax liability; that is why I recommend a discussion with a tax expert to understand what your numbers would look like.Hope this helps!
Alex Tang
Opting for Actual Cash Value vs Replacement Cost if Home Damaged by a Fire
12 January 2025 | 3 replies
If the cost of rehabbing it is more than it’s insured for, they’ll just cut me a check for what it’s insured for minus the $2,500 deductible.
Carl Rowles
Rehab Financing Strategy Help
19 January 2025 | 10 replies
Whichever loan that you decide to use, the interest will be tax deductible due to interest tracing rules.
Robert Stephenson
Older Investor needing help getting a Second property
21 January 2025 | 13 replies
The interest would be tax deductible due to interest tracing rules.
Luisa Morejon
What to do with the proceeds of the sale of my home?
1 February 2025 | 22 replies
I narrowed it down to paying off a few of my rental properties, though I need to see how that will affect my possible tax deductions.