Hi BP, Im relatively new to your community and trying to soak it all in . I had an idea to refi my house to payoff student loan debt. This would give me a lower interest rate on both and allow me to write off the inte...

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 ...

With the new tax reform, Personal Exemption was eliminated. Can we Non Resident Aliens use Standard Deduction now, as it is the only one left and in theory it should group the old Personal Exemption?

I am currently working on getting my real estate license and should be done within the next few months. I'm currently working a W-2 job and plan on using the license to find and get the transaction fee's on my next de...

Congressional tax reform bills. Today, the House passed a bill that would reduce the value of the mortgage interest deduction, eliminate the deduction for state and local taxes, and cap the property tax deduction — in...

I have had a crazy strategy in the back of my mind I want people to poke holes in. Here it goes... Buy a cheap house, rent it, flip it, 1031... repeat/trade up... repeat/trade up... repeat/trade up... until you have a...

Hi everyone. We're looking at a property we're thinking about buying that is located in a Flood Hazard area (as designated by FEMA). However the owner of the house next door was able to get a flood elevation certif...

When you are in the note space, you can never see everything. This is an excellent example if why Title Insurance is important on an asset. I am doing due diligence on an asset that has a six figure price tag to it. T...

Hello,
My name is Zach Kowalik and I live near Ames, Iowa home of Iowa State University. The city has unemployment hovering close to 3% and a college rental market so robust that many students claim they can’t find ...

I will be replacing the roof on one of my rental properties this summer.  The question is can I expense is all this year or do I have to depreciate it?  I ask because I've heard both sides lately.  The normal consensu...