If i own a house (no mortgage) and rent it out for 1600 dollars. Is that 1600 dollars considered income and have to pay taxes on. Vs if i had a mortgage and 1000 of that 1600 goes to my mortgage and 600 goes into a “r...

Hello, I am currently in the process of finding a short term rental to purchase and wondering how to best take advantage of what I am doing from a tax implication. I am in a high tax bracket so the implications could ...

I am planning to get my real estate license this summer. I also will have to purchase a vehicle around the same time. If I waited to purchase a vehicle until after I got my license, could I use it as a deduction by sa...

Hello all - First just want to thank everyone on BP for all the incredible info and knowledge - this is an amazing site!
I recently purchased a 4 unit rental. I took out a HELOC on my primary for the downpayment (3.75...

@Linda WeygantI have a couple of questions and know exactly the right person to ask so I've tagged Linda Weygant a CPA that was on podcast #244. Definitely my favorite podcast by far not sure if that is because I'm an...

Hey everyone, I've searched high and low for the answer to this, but I can't seem to find it. I have a couple of different scenarios and I just want to make sure that I understand how taxes work on both of these. I do...

I am new to Real Estate investing. What expenses can I deduct on my Income Taxs?

Do some investors go without Texas Windstorm Roof Insurance on a small, 1 story house (1100sq ft)?Is this a sound strategy? It's almost $1000/yr with 2% deductible ($4k) with $200k value. A new roof is about $7-8K.

My income is too low to apply for a loan. If I use a Partner to co sign a mortgage loan for me (specifically an FHA loan), am I still eligible for the tax deductions??

What are the basic component of a good insurance policy? Thanks.