Adam Milewski
Waikoloa Beach - Hawaii
Considering buying a short term rental - wanted to know if anyone here has had any experiences, good, bad, ugly? The financials look pretty sound to me. HOA's are high, but overall seems like a good bet on the outs...
Tom Lewis
Looking for Income property Kaua’i Hawaii
I’m looking to purchase or manage rental property in Kauai east/north side. Just recently got my Hawaii license and have a lot of history/experience in management both long & short term rentals... I’m looking to s...
Joshua Gregory
HELOC vs Cash out refinance
I have a good amount of equity in my home and just got approved to take out 85% of it with a HELOC at 5.99%. The goal is to start buying properties with this cash but I realized if I were to leverage a loan with my HE...
Jack Lee
Cashflow Taxation Problem
Hey guys, I have a question.
Hypothetical scenario:
SFR
$1000 NOI
$500 Service on a selling financing.
Cashflow = $500
Are you taxed on the $1000 NOI or on the $500 cashflow?
Eric Williams
163(a) Interest Deduction Intro
In real estate there are plenty transfers with a promise to repay later.
However, to take an interest deduction under the IRC, it would be wise to remember that all deductions are created by the will of Congress. The...
Dave Toelkes
How Depreciation is Recaptured
Investors have long known that depreciation on depreciable real estate is an economic fiction. Since property values usually increase over time, depreciation has often been called a "phantom" expense. Congress even r...
Laura Janosko
Tax deduction for driving to/from owner occupied property?
Hi BP Community,Does anyone know if you can get a tax deduction for the miles spent travelling to and from an owner ooccupied property?
Tim Porsche
What Would Ben Carson's 15% Flat Tax Mean for Landlords?
Hey all, bit of a hypothetical question here, but would you be worried if Carson's 15% flat tax would be adopted at some point? He said there would be no deductions...which would obviously have a huge negative impact ...
Ayoka Moss
Tax deductible? - tenants rented for a month while I started capital improvements -
Hi, I just want to understand if I bought a property (quad) and received rent while I started the capital improvements .. can I deduct the expenses of the rehab still? This was a major rehab over 6 figures. Ty and ha...
Mason Haley
Tax Write-offs pre-ownership
Hello, I am currently in the process of finding a short term rental to purchase and wondering how to best take advantage of what I am doing from a tax implication. I am in a high tax bracket so the implications could ...