Hello BP,First rental property- single fam not in llc.Can you advise what I will be able write off this year for taxes?Thanks

I read that you can’t deduct expenses when purchasing a property and making it rent ready, until it’s listed for rent. So any repairs to make it rent ready can’t be deducted, correct? Now, I have also read that lis...

Looking at some raw land in california to develop. My understanding is any costs (property taxes) for the raw land CANNOT be deducted on Sched E until it is ready to rent as residential. Only on Sched A if you itemize...

So yesterday at 6am I got the call from my tenant that the hot water pipe at the water heater was squirting everywhere.  I ended up repairing it myself but I was on the way to get a new faucet aerator (since I broke t...

Anyone has any suggestions on what in general are the categories for expenses/deductions a land lord can use?

I was wondering if anyone knew more about the tax deductions that come with your properties. I know of the certain ones that you can write off but I was wondering if there is a certain amount you are only able to writ...

I often run into this situation where a handyman job exceeds $600 and therefore necessitates giving them a 1099. However, these people are not too excited to receive a 1099. Complicating matters further, if you hire a...

I am interested in getting  a Biggerpockets Pro Membership, but I'm wondering if I would be able to deduct it as a real estate business expense. I currently have one rental. Does anyone know if this is possible?

Just bought my first property. It is needing a few things such as new dishwasher, minor roof repair, minor electrical work, and new toilets. I read that I can write off up to 5k in startup costs, but have also read th...

I know that expenses on a rental property can be deducted from my taxable income, but what if I quit my 9-5 one day and invest full time? Can I deduct from my cash flow income this way?