Hey guys!
For meal expenses while traveling overnight for a rental activity, one can use either an actual expense method for meals or standard meal allowance (utulizing per diem rates. See here http://www.irs.gov/pub/...

If I am buying a property to live in, I am eligible to deduct mortgage interest and premiums, and real estate taxes. Can I deduct these if I later decide to rent out the property?What if I buy to rent outright?

Hello BP,  last March I took the plunge and invested in my first duplex which I am house hacking. Throughout this time I’ve heard a few times how owning real estate is a great way to reap the tax benefits. I’m curious...

I'm in the process of acquiring a second rental property. Can I calm/deduct start-up cost for this property if i add it to an exciting LLC which already holds my first rental or what that expense be considered "operat...

Real estate has long been a favored investment avenue due to its potential for appreciation, steady cash flow, and diversification benefits. Beyond these financial gains, savvy investors also benefit from various tax ...

Real estate is an investment vehicle that comes with a lot of tax benefits which is why it is so attractive to investors. However, understanding the tax benefits and really grasping the difference between tax deductio...

Hi Bigger Pockets Fam, Tax Time is upon us, and this will be my first year filing with a real estate portfolio. I baught 2 properties using financing, and used a HELOC on my primary residence to come up with the down ...

Hey Everyone,Right now is an exciting time for me. I'm diving into the adventure of wholesaling and am beginning to explore options to create my deal funnel. Along with this comes expenses and given that this is my fi...

Hi everyone,

My husband and I bought our first home with a VA loan which was very nice not to have a down payment. We are looking into buying a second bigger home and renting out the first. Does anyone know any stipu...

Hi everyone,Wife and I purchased a vacant lot with the plans to build. We decided to go a different route. we purchased in may of 2022 for $80k. We invested another $20k for improvements, draftsman fees, permits etc. ...