Neil Narayan
Is Austin in a housing Bubble?
Appraisals shooting up faster than a speeding bullet. Prices plowing through the pandemic like a locomotive. Values leaping by bounds in tall condo buildings. Look, up in the air, it’s Austin’s super housing market — ...
Raj Pal
Can I Not Claim 'Depreciation' on my rental Property?
Hi,I am new to Rental & Not familiar with taxes.I don't see much value by claiming the depreciation and as shown below, the allowed deductible rental loss is very less.I want to understand the consequences for not...
Eric T.
Apartment roof leaks caused property damage - seeking advices!
Dear BP members,My brother is currently experiencing a roof leak issue after recent heavy rain which damaged some of his personal properties. The main cause of the roof leak was from roofer hired by apartment manageme...
Mischael Metelus
Quit Claim Deeds and Business Tax
Hi, I'm hoping someone could help fill in some knowledge gaps for me. I recently acquired a property through a tax lien and it has now appreciated in value. I've started my own LLC in South Bend Indiana and I'm planni...
Andy Bondhus
Auto loan interest, is it deductible?
If I'm using the standard mileage rate for 2017, can I also claim my business use percentage for my auto loan interest? My accountant says no, but I've read in books that you can still claim auto loan interest in add...
Matt Henshaw
How does my insurance claims impact my taxes?
Two of my rental properties received hail and wind damage during the summer. I need help answering an insurance/tax question for which I am getting varied responses from the ‘experts’. Both rental properties had a c...
Chris H.
Can you transfer a traditional ira to a self directed roth ira?
Is it possible to transfer traditional ira funds to a self directed roth ira?Thanks for your help!
Moncy Samuel
Windows replacement and Asbestos
We are in the process of changing one window (due to rotten frames) of our rental Quadruplex built in 1986. After removing the window, the tenant started raising concerns of exposure to Asbestos (tenant claims to be a...
Ken DiPietro
Foreclosure Filings in U.S. Climbed to Record in First Quarter
In case anyone might have missed the news...
April 16 (Bloomberg) -- U.S. foreclosure filings rose to a record in the first quarter as employers cut jobs in the recession and temporary programs to delay action on de...
Account Closed
LLC Income tax free to another LLC?
Does anyone have income from one LLC flow directly to another LLC that they own?I own 25% of an LLC for flipping houses and similar. I own 50% of another LLC for building homes here and there. I am thinking to open a ...