Bart Tilly
Experience With Construction Agreements?
7 January 2025 | 3 replies
I would look at their policies and make sure both the coverage and deductibles meet your needs.
Shiloh Lundahl
New Partnership Model
4 February 2025 | 87 replies
You get to deduct $5,000 immediately to oversee the project.
Mary Jay
Cash flow is a myth? Property does not cash flow till its paid off?
3 February 2025 | 79 replies
A little cashflow, some tax deductions to kick down the road, long term appreciation and loan paydown.
Eric Coats
Running STR #s for Newbie
29 January 2025 | 20 replies
. $50 per bedroom, so a 4-bedroom house will cost you about $150~200consumables - bathroom supplies, kitchen supplies, beverage supplies: $20~30 per week, depending on how much you providewear and tear - towels, linen, kitchen utensils, some furniture: $1000~2000 per yearRepairs/replacement for things that guests break or steal: $1000~2000 per yearAlso, if your personal use is less than 14 days a year, the entire property's expense is deductible against STR income, but if you use more than 14 days, then you will have to calculate the proportion of how many days it's rented out vs how many days you or your family uses.
Reyna Ayala
Landscaping in owner occupied
1 January 2025 | 2 replies
Wanted to know if landscaping is a tax deductable expense in general and if it differs when one unit is owner occupied.
Nina Erlandson
Has anyone used Obie Insurance?
28 January 2025 | 56 replies
My check was 149.5 after deductible.
Emily Shin
New in real estate
29 January 2025 | 22 replies
These properties can appreciate in value and offer tax benefits like depreciation and mortgage interest deductions while financing terms are often favorable.
Jason Mergl
Building a Team in Albany Area
14 January 2025 | 21 replies
Bigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Thomas Farrell
BRRRR with ~400k Capital
18 January 2025 | 16 replies
Use tax benefits like depreciation, repair deductions, and tax-free refinance proceeds to offset income, and consider an LLC for liability protection.
Jon D.
Relocation / selling vs investment?
22 January 2025 | 12 replies
You're giving up some good tax benefits since you're in the tier of taking itemized deductions.