Hello,My aunt, the landlord of a Residential home, is asking me to help her write up a Lease Agreement.  I am an agent and have limited experience in Property Management.Some of her requests include the following (Ten...

Hi bigger pockets community! My partner and I just purchased a house in Feb and are renting out the majority of the home. We were fortunate to get the ball rolling fairly quickly and only have to fork out 1.5 months o...

If you purchase a rental property can you deduct in that year 50% of the value less the cost of the land as a depreciation write off?

I purchased a 4 unit building this year and am living in one unit.  During the year, I remodeled the bathroom and had new windows installed in the unit.  I also had new windows installed in another unit.  Since I am l...

Hello,I recently acquired a property with a tenant already in place.  This tenant has lived in the unit for 10+ years.  The tenant (prior to my ownership) replaced a few light fixtures and put new flooring into the li...

When deducting capital improvements from any profits made on the sale of your primary residence, can these capital improvements be made in the name of your sole proprietorship even if the home is in the name of the in...

Hi AllMy Central Boiler in my 8 unit building died March 2014I had a central boiler and converted all the units to individual forced air units in each apartment (they now control their own heat and pay their own gas b...

We are currently closing on a townhouse in Northwest Indiana, and we are trying to figure out where to invest most of our money to be able to get the highest rate of return when refinancing. Do we start with the kitch...

Hello everyone,I'm attempting to close on my first vacant land purchase to flip and I ran into a snag that I can't resolve with any sort of confidence.  Any suggestions or guidance would be hugely helpful in getting m...

can someone explain how depreciation works in a nutshell, and how it helps your taxes?