Investment Info:

Single-family residence other investment in Norfolk.

Purchase price: $147,800

Cash invested: $3,000

This is a house hacking situation where I'm living and flipping, while rooming wit...

I currently own a rental property in my name and was paid in advance for rent. I asked my accountant if we could account for it on an accrual basis and he told me that I wouldn't be able to. Can anyone provide some in...

Hello! My name is Edwin. I'm a new landlord and I'm doing my due diligence by making sure everything is to a T. Currently, running into a bit of a snag in the rental application process. I use Zillow Rental Manager an...

My tenant has been in the house for about 5 months now.All seems to be going fine. I went to do a minor repair at the house and saw a cat which I never new about. She has two dogs which I knew about. She has a $800 pe...

Good morning BP! I went to the auction steps on Tuesday and started speaking with multiple investors about tax deeds. They have told me a little bit about the process. I am looking to purchase my first fix and flip ne...

I received my 1099 misc from my property management company and they did a few things that don't seem right. First under Other Income (box 3) they listed Security deposit (refundable), pet deposit (non-refundable) and...

With the tax deadline approaching tomorrow, we thought this article was a great fit for a discussion today. Please see below an article on 19 things you need to know about the tax deadline featuring @Anchin's Co-leade...

My tax preparer decided to depreciate general and foundation repairs which amount to about 12k on my 2021 tax return. Wouldn’t it be better to deduct it rather than depreciate it so that I get a bigger refund?

Hey everyone, Glad to finally be a part of the BP community!I have recently been interested in renting out our property in yucca valley on AIRbnb as a STR. Our property is on Elk trail between Pueblo trail and Onaga t...

I am not clear about the tax benefits of purchasing and owning rental property investment homes.

Do we lose money to pay taxes when tax time comes or do we generally get some money back?