I'm a newbie when it come to income property so I have a question about how the taxes work and what I should do to prepare for tax season.  I want to ensure I do this the correct way.I've been in my house since Dec 20...

Hey everyone-My wife and I recently were approached by someone who offered to sell us their 4-plex in Dexter, MI.  Dexter has been one of the fastest growing markets in Southeast, MI and is a great little town. My wif...

What are monthly holding costs and why do they occur?

I'm in the process of purchasing a condo for rental. But down the line I want to purchase several. For tax purposes is it required to have an LLC or similar to right off business expenses or can your average citizen...

How to calculate holding during rehab? what is the formula to holding cost in a rehab? 

Hi All,I am going to a real estate auction to purchase my 1st rental.  I am researching the property to get as much information as possible in prep.  Here's what I have so far.  City Property/Tax Records (Same owner f...

Hi,Right now I only own one investment property and find myself already spending more time than I would like cataloguing my monthly utility receipts for the property. I deduct these expenses and want to have proof of ...

Is anyone utilizing this for the 2018 tax year? I cashed out my 401k and my husband cashed out 50% of his annuity in April of 2018. We bought a mixed portfolio 8 units (bought 4 properties on same note) in May. Is thi...

Currently negotiating a deal to keep as rental.  Just want to see if my numbers I have inputted in the rental calculator is good and from your experience, would this be a good buy why or why not.   Property Info:Purch...

there is a comercial building that was appraised 18 months ago for approx. 780K. due to a distressed situation it is available to be purchased for 300K. it currently has 4 tenants which generate 4,200 per month and th...