Phoenix Ocionna
does PITIA of a positive cash flow property get added to the debt part of your DTI?.
sorry for the long post but i was wondering if anyone knows how Fannie treats rental income for DTI. i found the following conflict:with regard to how Fannie addresses rental income as shown on a schedule E when calcu...
Randy Winzeler
Tax Pro help: Benefits for Buyer of an owner financed multi-family?
New member looking for tax advice on first RE deal.Looking to offset taxable income of my current business income while investing in a rental property. Found a deal on a Duplex that owner is offering owner financing.A...
Matt N.
Taxes on Rental Properties & Cash Out Refi to Pay
Hi! For rental properties, are taxes paid (outside of property taxes) deductible? What about estimated income taxes sourced from rental income? Let's say I make $10,000 in one year from rental property. I then pay:- $...
Leon Smith
Can we deduct professional repair costs from our tenant deposit?
Our current tenant is moving out and we've found some damages more than wears and tears in the house that need professional repairs. We hold a deposit money and would like to deduct the professional repair costs from ...
Yue Tian
AirBnb Expense Writeoff
Hello, I started my first AirBnb late 2023 and it was rented out for less than 14 days. Based on the 14-day rule, I don't need to file any profit from my short term rental. However, my main expenses (furnishing the pr...
Ian Price
Owner-Occupied Duplex - Leaf Blower
I owner occupy a duplex and it is leaf season! Since this is my first home and investment property, there are some landscaping maintenance items I am considering. A leaf blower! Are items like a leaf blower, hedge t...
Louis P.
Effective tax rate on PM Income or RE Agent Income?
It's Tax Time! Curious to see what independent property managers or real estate agents are seeing for effective tax rates.
Given it's a service business with little offsetting expenses/deductions, seems like it can ...
Justin Golden
Owner Occupied Duplex Deductions
Hello BiggerPockets,I have an owner-occupied duplex and am looking for opinions on the following deduction. We needed new blinds in the rental unit before new tenants moved in. Instead of purchasing new blinds for the...
Matthew Schwenke
Solo 401k options for full-time W-2 employees
I'm a full-time employee with no recent self-employment income. My employer does not offer any retirement benefits and I will be in this job for several years. I already have a Roth IRA with stocks, and I know there's...
Sean Wenderoth
Recommend any local CPA’s with Real Estate expertise?
I am in the market for a new CPA to file joint and self employment taxes as a Real Estate Agent. Recommend any Cincinnati professionals?Thanks, Sean