I am starting out as a new investor and want to manage and have the least risk as possible. I have found that having a Class B or A property in a good neighbourhood will have less cash flow but will be safer and less ...

Hello BP Community!
I am an out-of-state investor located in New York. Two questions regarding tax deductions in connection with out-of-state investment properties:1. Following acceptance of an offer on an out-of-sta...

Hi! My wife and I are looking at buying our first investment property (in PA). We would like to include a good friend as a partner. We have similar investment goals and know that we should put everything in writing pr...

We bought a property for flip last year and we have completed all the work last year but the house is still on sale. All construction expenses are incurred last year only but the house is still on sale. Should I be fi...

I was looking through a local property manager's contract and I found the following clause that seemed a bit suspect to me:"Owner shall pay all expenses incurred by Agent, including, but not limited to, reasonable att...

Searching for tips and pitfalls encountered when converting personal residence to a rental. When calculating cost for depreciation, what number do you use? Purchase price attributable to structure? Do you add in costs...

Hi, I am wondering if I can deduct "business" expenses prior to purchasing any real estate?  I eventually plan on purchasing an REO property and flipping (and will likely set up an S-Corp), but I might not even make m...

I had a tax related question regarding a self storage investment I am getting into. I am trying to figure the best way to fund the investment - either cash or through cash in a self directed (traditional, not Roth) IR...

I think it was Robert Kiyosaki who stated if you own rental properties and your paying taxes you are not doing it right.  Please Help me understand this better.  I basically use the brrrr strategy and use my local len...

Hello,I just purchased my first rental property in Dallas, Texas and I am hoping to get some insight about the travel expense deduction question. The goal is to deduct the travel expense instead of having it as part o...