In the middle of my first 1031.  Of course my 1031 exchanger referred to their attorneys when I asked these questions.  Yes, I will of course ask my tax professional as well.  I am just curious to hear what other 1031...

I'm looking to buy a cash-flowing duplex for cash from a wholesaler and then refinance out later, basically the BRRR strategy.  If I don't use financing for the initial purchase of the house, can I actually deduct th...

I self manage a portfolio of 6 units and am wondering about the correct way to account for general expenses that span multiple properties as tax deductions. For example, things like tools or building materials that I ...

I'm just a novice investor but the more I read about LLC the more disadvantage i found than the advantages it provides. Cons:cost more to setup, cost more each year to file taxes, can't take out conventional mortgages...

I just bought a triplex in Bemidji MN.  I work full time, my wife and I file jointly around $110k income.The house cost $168,500.  If I have a negative cashflow on paper or IRL this year, will I decrease my taxable in...

I self-prepare my annual tax returns and have a tax scenario/question regarding the allocation of Property Taxes and Carry Expenses for land.In 2022, I purchased a vacant parcel of land that is zoned for multi-family ...

Hi everyone.  We may not be able to get our STR in to service in 2023 as we had planned.  Are we able to take the expenses from 2023 and roll them into our 2024 taxes?  The largest expense we've had so far is the new ...

We are meeting with a CPA next month to discuss tax strategies and planning, but we'd rather know a little now than to go there knowing nothing. Reading through a lot of posts, we know that mortgage interest, property...

Hi there friends.

I've purchased my first property late last year.
My only income was months rent Dec.
So. My question is. Can I deduct my loses from my W-2. My loses would be rehabbing, utilities , etc.
About $...

So I just had my tenant move out after approximately three years. All in all the damage was very minimal and most of it just needed fresh paint or cleaning. Aside for some of the structural damage done, the oven was a...