Michael A.
Can I write off sales tax on repair items
Would appreciate it if any investors or CPAs can answer my questions. I own a duplex in Ohio and live in CA. I own it under my own name. There were some repairs I had my handyman do that had a cost plus the sales tax....
Khalid Lewis
Help! My prop in Philadelphia is not cash flowing. Idk what to do
Looking for some direction on what to do next. My initial strategy was house hacking but the cash flow isn’t steady and utilities bills are killing me. I’m considering pivoting to a different strategy but not sure wha...
Javier Duenas
First Time Investing
Hi all, I'm new to bigger pockets pro and new to investing. I have many questions and concerns as a newbie. I'll give a quick summary of my situation. I only own my primary home in New Jersey and do not have any per...
Prakash B.
Tenant is stealing electricity
Hello BP Folks,I have a section 8 tenant which i inherited from the previous owner. She has been causing lot of problems and her lease is set to expire in end of July. I found out from other tenants that she tampered ...
Brad Birky
How to claim our business use house hacking?
Hello - I have a somewhat unique situation that I am unsure how to best claim on our jointly filed tax return. My wife and I are based in Florida and work as non-profit business consultants. Last year we had a client ...
Meredith Mihm
RUBS, utility fee, split?? for a 6-plex
We're quite close to making an offer on a 6-plex where owner pays ALL utilities. It is not common in the area for utilities to be included, and all units are under market rent. The building is 100+ years old, so I a...
Shibu Thomas
oil to gas conversion,whats best way to split heating utility
So I am pretty new here, So ill introduce myself. My name is Shibu im from NJ and I own one investment property, a Two Family house in Jersey city that I bought about 10yrs ago. I pretty much break even w/ the house...
Arthur D.
W-2 and depreciation
Hi there friends.I've purchased my first property late last year. My only income was months rent Dec. So. My question is. Can I deduct my loses from my W-2. My loses would be rehabbing, utilities , etc. About $15k. I ...
Jesse Aaron
Business line of credit to fund purchase?
Newbie here. Going to look at at potential rental property; 38k for 3.5 acres, 2 bed, 1 bath. Rural area so I’m assuming will rent for 650-750 monthly. I have enough cash for a 25-30% down payment, but an older invest...
Lee V.
How to separate utilities between tenants??? Need help please
I own a triplex. I live in the main house up front which has its own water and electric meter. I have two small homes in the back that share a water and electric meter. How do I handle utilities for these homes since ...