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Hello,My current flip will take longer than a year, about 18 months. Can I still deduct all renovation costs from the profit in regards to paying taxes on the profit. I have all cash in the property and for renovati...
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Hi,I live in Bay Area (East Bay) and have been thinking of buying a property either for primary residence or buy 1-2 investment properties in Orlando/Vegas. From what I have researched the new tax rules for high incom...
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I recently became a Pro on this website, so maybe I have missed the tool I'm looking for. I would like to be able to add year to year tax analysis to my real estate deal analysis to see how negative cashflow properti...
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I've been investigating doing real estate investing out of state, since where I live (Massachusetts) is not only an overpriced real estate market but notoriously landlord unfriendly and hostile toward small business i...
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Hi All -I have a family member doing some handyman/property management work for my portfolio of properties in NJ. For example, he cuts the lawns, fixes things that break along the way (shelving, doors), and will also ...
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Hi BP,I recently had some questions about estimating for capex (link below), and that got me thinking about taxes. If you add in a certain expense on your P&L for building up capex or deferred maintenance reserves...
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I'll make it quick. My W2 income is >$550k/year, if I build an RV/Boat storage facility, will my storage business expenses/losses be able to reduce my W2 taxable income? Or do I have to have REPs status for this si...
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I bought my first 2 flat in Chicago in 2022 a 203k fha renovation loan, moved in early 2024. March 2025 will be my 2 year mark. Most of the renovations we did were upstairs for the tenants unit (duplex up). Added a be...
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Hey BiggerPockets Community !
I have about $180k in equity in one of my investment properties and I have a nice amount of cash on hand and I have an idea that I would like your thoughts on. I want to build a home o...