Nick Eckemoff
Mortgage Interest Tax Deduction is better than I realized?
Sorry if this has been asked before...maybe I'm not using the correct keywords.I am confused about the mortgage interest tax deduction. I understand that it allows the interest on a mortgage loan to be deducted, but h...
Andrew Michael
First Deal. All thoughts and questions are welcome.
OK here it goes. I found a 3Unit apartment building with a detached two bay garage. https://www.google.com/maps/@39.643275,-77.715504,...Asking Price is 122,900. Rent comes to a total of 1745 (520, 550, 675) Curren...
Alexandre Tude
Triple net Pier 1 import as tenant
Would you buy a triple net with a Pier 1 imports as a tenant with 4 and a half years remaining in the contract? Location is good but my concern is the situation of Pier 1 importa, numbers are dropping so quick that af...
Melissa Kelley
Charging for Work Done by Yourself vs Highering
Hello Everyone! This is my first time posting, hopping to get some clarity. How do you accurately charge for repairs, cleaning, damages and labor for things you do yourself verse highering someone when your tenant mov...
Marlie Evans
Bonus Depreciation, safe harbors and Partial asset disposition
Now using the de minimis/routine maintenance safe harbors instead of bonus depreciation for appliances, carpet and the like. I don't understand why my taxes go up a few bucks when I change move an item (a kitchen appl...
Ryan Keenan
Claiming improvements on your taxes
hello BP, question about doing my taxes this year.. I bought a duplex and took out a 20,000 loan to fix it up.. I would like to buy another property this year and need every penny of income to help show the bank to qu...
Raj G.
security deposit from landlord(Bayonne, Hudson)
Hi ,Subject : NJ Small claim court on security deposit issue , landlord didn't return.I was living in 1 unit of a 3 unit building.all 3 units are occupied by tenants.I lived there for around 6 years, after that I boug...
Nikki Stoddart
Tenants abusing shared Laundry/Storage room
Hello all,Looking for practical advice from you wonderful landlords!I just bought a 5 plex with a shared laundry and storage room. The property was fully leased when I purchased it, and the previous owner had allowed...
Beenna Han
Seller refusing to give prorated rent and tenant security deposit
So I purchased a multi family unit that has an existing tenant in Maryland. I closed the purchase deal on late May, and soon after the closing I realized that the settlement did not include prorated rent (around $300)...
Sarah D.
Cost Segregation For Appliances, etc
Can anyone confirm if I am correct in my thinking? We finished rehab of a 4 unit property and put it into service in 1/2017. I would like to separate depreciation for the following items that were part of our rehab ...