Question for you all in this community, can you deduct interest paid out of HELOC, which the funds were used to buy a rental property? It is my understanding under the new law, HELOC interests are not deductible for a...

I own a two family---live in one half and rent out the other half.

I have losses on the rented half -due to expenses , mortgage interest, etc exceeding rent.

My accountant tells me that i can't deduct this loss ...

So I am a landlord myself but I am actually currently renting an apartment because I have to be in Texas temporarily for my job. I had a quick question about renter's insurance I thought someone on here might be able ...

Hi all. I’m a prospective buyer located in Chicago looking to purchase a 2/1 condo and rent out the second room to a friend. I’ll be able to put 10% down on a roughly $350,000 unit, and will be using this opportunity ...

Hi all!I had a pointed question related to the home office deduction. I am a real estate agent (licensed in May), an attorney with a full-time job separate from my real estate business, and an investor with several pr...

Can you claim the home office deduction if you don't have a business license? We have one rental property that we manage ourselves. We currently don't have our license. We do use our home office exclusively to work on...

Here's my situation.  I've currently only have two SFH, but plan to add a couple more this year.  I've essentially only been doing this for a year, and things have been accumulating such as mowers, snowblowers, floori...

When I buy a home with a 30 yr mortgage at a rate of 4%, I have a payment each month for 30 years. Some of the payment goes towards paying down the principle; some goes towards interest. I then get to deduct the inter...

Does anyone have experience adding maintenance deductibles to their leases in Indy? I see a lot of people say that's a foolish idea because tenants will stop reporting maintenance issues. But does anyone actually have...

We purchased a rental property and had to invest major amounts into repairs. The cost of the work is expected to exceed the projected rent income for this and may be couple more years, and we were hoping to recover th...