Hello,Does anyone know if you can take a tax deduction for closing costs on the purchase of a rental property? 

You could partner with someone with experience and purchase something closer to home.

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A couple of months ago, we acquired a property through an auction. It is a vacant lot, and inside it is an abandoned truck. We would like to know how to proceed and whether the truck's presence on our property means i...

Purchase price: $235,000 Cash invested: $230,000 Sale price: $595,000 Property was a 3/2.

I did purchase the course about a year ago but quite honestly it's just been sitting around collecting dust because I really didn't want to invest my time and energy into something like this that I wasn't 100% confident about.

Purchase price: $585,000 Cash invested: $300,000 10 bedrooms and 7 Bath, 1947 built.

is there a way during the purchase process where beneficiaries can be added?

@Ketul ShethRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Kinda a weird situation I think. My rental property’s water comes from a community well which a neighbor owns. She is an elderly lady whose recently passed husband always dealt with.  It has been having issues and my ...