I did something new this year. I had a prospective tenant offer to lease a rental house I own if I would buy out their current lease. The cost of the buy out was very close to one month's rent on my rental, so it wa...
Is there a limit on the amount of expences a landlord can deduct from taxes per year? Such as replacing things that are coming up due, such as floors, siding, and windows?
I am new to Real Estate investing. What expenses can I deduct on my Income Taxs?
I'm an aspiring real estate investor but haven't actually invested yet. If I'm purchasing books to educate myself, is that deductible? If so, where on the return would I deduct it? Schedule c (even though I don't have...
I have one rental property that I have owned (actively involved) for 5 years and I am buying my second next month. I have several meetings per month with my wife (business partner) about the properties as well as con...
Hello All,I started (in Oct.) with real estate investing and I haven't done any deals yet and I haven't registered a business entity, I've been getting doing training, have start up business costs, gone to seminars an...
9 units. My deductible is $500. Is it worth changing to $1000 to save $129 a year? How often are you making insurance claims? Thanks for input. Have a wonderful day.
What percentage rate of insurance deductible do most of you use. I am currently using 1% deductible and considering using 2% or 3% percent instead.
I'm going to be managing my first property as soon as I can get an offer accepted. My plan is to buy a quad, owner occupy, and I'm going to skip the LLC because I don't see it really providing much in the way of bene...
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 ...