Hi,I am looking to get some opinions on the situation I am in. I have signed a lease and transferred payment of 1st month's rent and security deposit to the landlord. I have the keys and have begun moving items into t...

Hello,
So I recently found out that you can only write off $10k from local and state income tax. Does this mean I cannot write off depreciation + property tax + mortgage interest more than $10k?Thanks in advance for ...

We are in contract to buy a home with a rental apartment unit.  I spent money traveling to see the home in another state.  Are these expenses deductible after we complete the purchase?

I have a question. I set up direct debit payments through my property management company for my monthly rent. Rent is due on the 1st and late by the 5th. I’ve never had any issues paying rent on time. However I notice...

If I purchase a flip property at the end of this year and then sell it at the beginning of next year, how is that taxed? For example, are the expenses reported as a loss this year and the entire sales price shown as a...

I would really appreciate any opinions on a new business venture.  I think it's fairly straight forward as these things go, but it's new territory for me and I want to know the tax implications before taking the plung...

Hi everybody,I'm a newer investor in Pittsburgh and I've been getting a lot of calls about empty lots and condemned houses in low-priced parts of Pittsburgh (Low price being $12-40k ARV for single family 3/1 or 3/2). ...

Can you write off the home and sewer inspections and appraisal costs for a rental property? If so, do you have to add these expenses to the cost basis of the property or can they be fully deductible?
Thanks,

can someone please tell me.....if I am being evicted ( I have not yet received a court appearance date but I have received a three day notice. If I have the amount for my rent before or on the court date can I be evic...

Hey BP Members, quick question. We purchased 12 units in July 2017. In November 2017 we added an additional unit. Wouldn't we qualify for the exception  @Brandon Hall discussed as Myth #5 in his article '7 Common Myth...