Hello BP. How do I interpret this - "According to the advisory, the new tax law suspends the deduction for home equity interest from 2018 to 2026 — unless the loan is used to “buy, build or substantially improve” the ...

I'm getting all my ducks in a row before I get started investing. First, I cant seem to find a search function on this website. So here goes my question.... Should I apply for an LLC before the purchase of my first ...

Hi everyone - I am in the midst of getting my taxes done and my accountant is telling me that because I do not have a separate legal entity to assign my mileage expenses for looking at new properties that I cannot cla...

Hello BP,I am house hacking a single family and living in the basement. I hired a PM for the top unit, and they are requesting my social to report my rent income so it can be taxed. Since I am house hacking and this i...

Hi all, new here and I see this has been discussed before but it’s been a few years. I’ve recently formed an Ohio 2 member LLC (my husband and I) for a SFR I’m closing on next month. I live in CA. I understand I’ll ne...

If a multi family is financed under the terms of owner occupancy, will the tax benefits still be in effect? Depreciation, repairs, are they the same as a non owner occupant building?

I have a Sole Prop. set up with an EIN number. I have a duplex under my name only, does it matter to file taxes under the sole prop. or just a schedule E on my personal return?

Real estate investors retained almost all of the existing benefits in new tax law, but there were some changes to pay attention to:Most real estate investors own property personally or in an LLC, in both instances tax...

I'm seeking to invest in property with bank financing using a residential loan under my personal name. The property will then go into an LLC. The bank says they will still look at the loan as personal so...Will this p...

Looking for recommendations for a CPA with REI experience in Tampa area. I only have 1 rental property and personal home but want to make sure I comply with IRS rules. Thanks in advance.