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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...
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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?
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I am new to Real Estate investing. What expenses can I deduct on my Income Taxs?
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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...
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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...
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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...
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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.
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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...
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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 ...