When doing the brrrr method can you write off your rehab cost on your taxes

Good morning BP,I'm currently living in a house hack duplex/ live in flip. I closed on the property 125k in August, put 10k to make my side 90% complete, then put 7k in the other half. I had my old roommates move in t...

If in 2023 I take a large loss on my properties while a renovate them, but they start cash flowing in 2024. Would there be negative impacts from a underwriting perspective? 

Below is today's CFPBs Bulletin on Credit Repair Companies (Fraud)I have assisted Tenant Buyers get mortgages with damaged credit and high DTI since 1986.If you are recommending some credit repair companies to tenant ...

Hey Guys,

I'm pretty well versed with doing my own taxes, using turbotax or whatever.. I have the 2008 home and business edition here.

This year I bought my first house, a duplex. I live in the lower, and the uppe...

My question is in regards to the effects on a reassessed tax value on my rental property and if/how that changes my yearly depreciation. The tax value on the house actually went down in a recent county reassessmen...

I'm working on my tax return and ran into difficulty. I bought a used skid steer in 2018 for use on my rental properties, cost $6000. I have three residential rental properties in service and one I am currently renova...

I have a rental house built in 2001. The water heater is upstairs in a closet (all of the upstairs is carpeted). I have heard the average life of water heaters is approximately 15 years so we are nearing the end of it...

As a regular w2 employee, a general rule of thumb is you will be paying 1/3 of your income into taxes. If you are full time landlord and live only off rental income profits what is a general rule of thumb on taxes y...

Small apartment building owners employ a variety of investment strategies with their properties, and sometimes this requires refinancing every several years.
Owners may purchase properties with plans to renovate and ...