Jose Soto
When can I begin tracking my expenses for tex deductions?
My wife and I are beginning our real estate investment venture. We're in the process of acquiring our first rental property and we want to take full advantage of deductions related to our business.Do we need to own th...
Mimi Takele
Ne RE investor
New to RE investing , can I claim taxes fees on RE mentor/coaching, including Real-Estate software system package as RE start up Business cost?
Account Closed
Loan Servicing Question: Skipping a payment during a refinance
Hello all,I am in the middle of a refinance right now. For reference, I usually pay my mortgage on the first and was planning to make my payment per usual on May 1st.Since I am scheduled to close on May 7th and I tec...
Jim M.
Deductions for a newbie
So I am a brand-newbie at this, have not done a deal yet. I realize that the very first thing I need to do is educate myself, which will probably take several months (which will put us into the next tax year) before ...
Jeff Lee
Water during turnover
I had a recent turnover between tenants on my house in Alexandria, VA. My property management company recommended, after the tenants had closed their water company account, that I turn the water back on so 1) prospect...
Katlynn Teague
Tax Deed Questions GEORGIA
Good morning BP! I went to the auction steps on Tuesday and started speaking with multiple investors about tax deeds. They have told me a little bit about the process. I am looking to purchase my first fix and flip ne...
TaRa Mehta
Tenant withholding rent due to minor maintenance issue
Hello all,I've a tenant who has been paying her rent late each month (along with the late fee). This month, however, she has not paid the rent so far.Here is the sequence of events that happened.1. Issue #1 - a rat en...
Sergio Rodriguez
Deducting Home Renovations After Moving and Renting Out Home
BP Forum,This question pertains to deducting my home renovations for renting a room and renting the house a year from now. I live in a 1300 square foot, 3 bed, 2 bath house. I moved in March 2017 and have updated all ...
Chadwick Cadet
Is This Water Bill Tied to the Tenant or the Property?
Hey guys,I have a property that I am putting under contract.It is in Clayton County, GA.The tenant of this property currently has large water bill.The owner of this property said that this water bill is tied to the ow...
Patnaree Conrad
What expenses I can use for tax deduction?
Pls advise!! I have a rental property but it is under my name? What expenses that I can use for tax deduction? I use property management as well. Thank you so much.