I have a credit card that I use only for my rental business. I got a new card after my card was hacked and my auto pay was cancelled. I got a ~$40 late fee applied, can I deduct this? I keep a $50k HELOC that I keep ...
Hi all,Can someone please let me know if there is an income limit on taking the depreciation expense deduction for rental property? I was told by my accountant that deduction cannot be taken if the income exceeds $15...
Hi All -I'm looking into getting my first investment property (a duplex in St. Louis, MO that I'm going to live on one side), I'm struggling to have deals pencil and I want to make sure it's not my expense load causin...
Hi BiggerPockets community,
For the bookkeeping portion of rental properties, 1.) what are the best strategies to reduce this expense if you want to outsource this operation? 2.) How often will the bookkeeper need to...
Hello,I'm trying to see guesstimate of roof replacement costs for an industrial building in Fort Wayne, IN. Ballpark is fine with like a price per square foot. Also curious how much landscaping for an industrial lot w...
Hi! Can anyone share their story on how they manage to buy their first property? I am asking this because property prices near the bay area is through the roof and making a down payment requires too much money. I am w...
Hello, I live in market where the avg home price is 500k .The population is definitely a bit older and the area is landlocked. I was wondering what creative financing ideas would be best to utilize in this type of are...
I am a real estate professional. (not passive activity).. I file jointly with my husband who is a doctor and has high income (500k/yr). I have LLC's for mostly flipping properties. I have only 3-4 rentals in my 3 L...
All,
My husband and I are currently closing on 2 different multi homes. We plan to move the homes under out LLC. My question is what excel or system are owners using who don't have property managers to keep rent and ...
Not sure if you guys listened in on Ben Leybovich's webinar last night, but I have to say I agree with him.He showed how you can drastically come up with a different valuation of a property ALL based on your assumptio...