Anybody know the rules for replacing water heaters these days?Had a company that AHS sent over last year that replaced a heater, no issues.Different tech this year, same subdivision, different property, same setup (no...

I just bought my first home property last year, so i'm very new to the real estate world. I've done some hard money loans which have been great and yield around 8-10% interest. I've been toying with the idea of gettin...

Hi BP community,Does gifting money reduce your taxable income? I know the limit is $15,000 for tax free gift, but does it reduce the gifter's income for that year? Say you make $90,000 and you want to find someway to ...

When most of us think of having the IRS audit us, we get anxious. Audits can be very expensive, invasive and ultimately time consuming. Some audits are inevitable. However, there are multiple preventative measures tha...

Hello,I'm in Texas and am I wanting to discuss the possibility of kick starting my real estate investment journey with STR and also using that offset a fairly large W2 tax liability I have this year.I basically need t...

Me and my wife have a dual income, we are in our mid 40s, and have been maxing out our 401k contributions primarily to reduce our taxable income. Is it possible to roll over pretax income into real estate properties t...

As a first time home buyer and single, how can i maximize the tax benefits available to me if i decide to buy a 4 unit/multifamily house that is worth $2 million and property tax of about $30,000 per year?
Will like ...

Hello all, I'm a newbie who just signed up looking for some financial advice.I'm a single person, aged 43, who recently bought a new home in the CA Bay Area putting 20% down left with a mortgage of 720K. My mortgage p...

Let's say i take an early distribution from my IRA, and buy a rental property.Can I use the new accelerated depreciation to wipe out the taxes that I have to pay on this distribution?

Hi Everybody My question is when analyzing a property should I consider income tax in my analysis or should I assume that the deductions will reduce my taxable income to where its pretty much evens out and not worry a...