Hello all! Currently in the process of renovating our first rental property.  The property is a duplex in MN. We currently have one side rented out and are finishing up renovating the other half.  We haven't had much ...

Hello, I recently paid the taxes on a home. The property was a tax lien. The owner of the home is deceased. I haven’t heard anything about anyone wanting to pay the taxes so I’ve started fixing up the property. Recent...

Hi. I am new here and would really appreciate some help. 
I switched my home into a rental mid year. I had to do bunch of renovations in order to rent it, such as redoing a whole shower that wasn't functional plus so...

Hoping one of you great people can clarify something for me. Looking at bonus depreciation and wondering if it is based on the county assessed value or purchase price?We purchased a commercial building for $420k and t...

I am currently house hacking and occupy nearly 50% of the square footage. Our unit is also going to be the primary rental unit when we move out and will pull in the majority of the income. Our unit has been kind of ru...

Is resurfacing a pool at a rental property considered a repair or a capital expense for tax purposes?  If the latter, what is the depreciation period?  Thanks.

Wondering if there are any set of conditions under which it’s possible to use tax deferred proceeds to rehab the newly acquired property. I hadn’t come across anyways of doing this, so assume the answer is no, but wan...

I'm doing my taxes for 2017 now.  I've had a duplex since 2012, with tenants in it since 2013.  2017 was a particularly rough year--my property management company has recorded $5700 of repairs that were done, and in b...

Hello,Curious for BP's advice on my situation here...I live in WA and have a condo in CT that's worth about $125,000. There's $32,000 left on that mortgage and I want to put the equity there to better use. I am exitin...

Hi all, I am struggling with the analysis on this one. I am looking at purchasing 3 multi families from the same owner. The only way the deal will work is if I purchase all 3. My biggest concern is that two of the pro...