The property is a 5 unit light industrial building. It was built by my father who was self employed as retirement income for him and my mother, who was a stay-at-home mother and also assisted him in his business. One ...

What are the pros and cons of vehicle expenses?  Ive read there are two different ways to write off this expense.  Actual expenses like car value depreciation plus insurance, gas, repairs, oil changes or the other opt...

Alright, the last part of the title was just a joke to get people to click on this post. The real reason for the post is to see if there are any of ya'll out there who buy or have bought salvage title vics.

Buying a...

I have tenants who have 2 cars parked in their driveway that don't move. They have flat tires and look like crap. They drive a mini van that looks and sounds almost as bad. They park it on the street. Is there anythin...

So this is my first post so sorry if I mess anything up.  I was told recently that buying a new vehicle and owning it for the life of the vehicle is cheaper than buying used and owning for the rest of the vehicles lif...

What all can I deduct as business expenses?  I closed on my first rental (a duplex) yesterday and want to make sure I maximize all my deductions.  Can i deduct internet, cell phone, office supplies, car insurance (if ...

Hello, been around here for quite some time now lurking in the dark but after studying the economy of my local area in relation to housing/rentals/real estate, etc.  I've grown to have a newfound interest in real esta...

So I am at a point where I am considering a new car. Nothing fancy, a 2016 Hyundai Accent that is on sale for $11k. I would be paying cash.I am at a dillema as I am not sure if it's a smart financial/reliability move....

Hi Bp,I have a tenant that started working on cars at the property we rent to them. There’s a bunch of cars parked in the yard. The tenants never asked if this was okay and just started doing it. We don’t feel great a...

I have 20+ units now and interested in doing more BRRR and Flip projects in the near future after achieving FIRE in another year or two. For this, I want to get a truck for renovation/landscaping/demo/home depot trips...