Hey BP,

I have a few questions about expenses on income property. I am interested in using a FHA on a duplex and wondering what expenses do I have to pay? Can I pass off the eletrical and water bill to the te...

I'm analyzing a MHP in Idaho, it's a 10 space, 2 park owned homes, 2 vacant lots, city water/sewer (tenant pays), and below is the pro forma. I'm using conservative numbers when analyzing this deal 40% Rule for the ex...

Hi All,

First I will start of by saying I will reach out to my accountant but I wanted to at least know what to ask and have an idea what I am talking about....maybe with tax I am dreaming...

My question is, I have ...

Hey guys,
From what I heard banks normally use your gross income to debt ratio to determine your borrowing power. If I depreciate property value on my tax return to deduct my net income, will that impact my mortgage ...

I am in the process of closing on a property, so I have some expenses such as postage, travel, and such. I'm paying and tracking these under my real estate investing LLC.However, I'm buying the property under a new 50...

Hello, 
Does anyone know what taxes are deductible through business expense? For example, if you have a W2 job and make 100K. Then you pay 24% on the 15K from the 85K to 100K bracket of your income. Adding the FICA t...

I asked a similar question earlier today about putting a rental property in service and deducting the costs of the rehab on Schedule E. Okay, looks like I can't deduct the make ready costs and I can tally the improvem...

I've been dividing my monthly rental income into 3 buckets.

Bucket 1 goes into repairs for the property
Bucket 2 goes into the mortgage payment
Bucket 3 goes into future investment savings (MM acct due to higher ...

I've read property taxes are not considered transactional cost.  So, if when selling a property  that I have $10,000 back taxes on the property that were planning to be paid at closing . Would I need to pay those  tax...

I pay for internet, gas and electricity each month but the bills are under the tenant's name. He reimburses me for them but I'm the one making the payments. I'm adding his reimbursements as income but can I deduct the...