Will Johnston
Tax Deductible Uses for Extra Funds from Cash Out Refi
I recently did a cash out refi on an investment property to pay off the line of credit I had used for the downpayment on said property.I have about $5k in funds left over, and I'm trying to figure out what to do with ...
Sarah Lawrence
deducting expenses when properties fall through
Hello. I am wondering how everyone deducts their expenses when offers fall through such as wire fees when they do not have ownership of that property for tax purposes.
John H.
Rental property insurance
Looking for some Specifications I should give to my insurance agent when I am excepting proposals for my rental property, a.k.a. landlord, insurance. Any info on limits and deductibles would be great!
Egbavwe Pela
Maximizing Deductions on Rental Properties
Hello all. I'm looking into purchasing our 3rd rental property and hoping to get some help specifically around the best way to maximize deductions. Since I'm not able to deduct our initial deposit on our investment lo...
Marc Heflin
tax question
I am using quicken for real estate to handle all my finances. I am buying my first property, and am trying to categorize all the expenses. So here is how I understand it.
The down payment can not be written off.
All o...
Christian Reyes
What is considered tax deductible?
I am looking at a property to buy and hold where the taxes are quite high. Over $9000 a year in NY. As such, everytime I run my numbers, I get negatives in cash flow due to the inability to get around the tax expense....
Andrey Y.
Is my HELOC interest deductible for 2018?
I am sure this was probably answered somewhere on this forum, but I was unable to find it.I took out a HELOC for $51K, and have payed IO payment on it during all of 2018. Not sure exactly what I used this money for, s...
David V.
A few questions on expensing/depreciating new LVPs for rental
Hello,
I am wondering if there are any circumstances in which i can expense in the current year the purchase and installation of new LVP flooring that will be a floating floor? More specifically,
1. Are there any c...
Chandler Rehbein
Let's Talk About Landlord Insurance
Hi there!
My wife and I are in the process of putting our first property up for rent. We are currently shopping around for the insurance that best suits our needs, however, we have quotes ranging from $600-1600. Each...
Kelsey Smith
Tenant Lawn Care Responsibility
Hi everyone!We recently had our tenants give us 30 day notice (August 31 is move-out day). The tenants are responsible for mowing the grass and have not done so since giving us their notice. Today, we noticed they mov...