Hello, I'm new to BP and I am wondering if there is a resource that gives advice on how to calculate operating expenses for rental units. Mainly multi-family or apartment housing. I would love to learn how to figure o...

Hello,
I bought a rental property last year (October 2023). Can I claim car travel miles even if the rental property is not ready yet?
Thank you.

I am a newbie to this forum and looking for my first rental in GA.  In order to use the 50% rule, it would help if I knew a rule of thumb formula to figure out my 50% expense ratio.  Can the community help by providin...

I have questions on whether I should expensing or capitalizing my costs on remodeling a property. I feel expensing is always a better option, since it deducts the overall taxable income to the most amount immediately....

I'am relatively new to USA flipping business but have a strong experience in other countries with a different kind of accounting/tax systems . I have looked through the search but have not found something correspondin...

Im new to REI. Can anyone give me a rough percent estimate of total expenses including tax, insurance, and everything else.

Hi all. I wanted to ask about some measures you use to cut down expenses on a property. I recently fixed the fireplace and hired a plumber and thay was $2000. Any ideas on how to get contracted services for cheaper?

Filing out my taxes is getting complicated. Thank you to all of you who have been helping me especially Steven. As I have already posted I have three rental properties I acquired in 2012, and one I have had for thre...

Just closed on a condo yesterday and trying to figure out if the expenses incurred during rehab are deductable.  Not talking about the expense of the rehab, but what about the HOA, taxes, insurance, etc.  have renters...

My business partners and I typically meet out somewhere when discussing shop to take advantage of our business expenses. However, I was curious with Memorial Day weekend approaching am I able to hold our meeting at...