Mike H.
Depreciation does not cover rent. (50% land). Help
Hello,when I make the cashflow spreadsheet of almost any house (SFH, MF) around here (San Diego, California) I cannot manage to deduct enough taxes to cover rent. Am I doing something wrong?Most of the properties here...
Mike B.
New Landlord - Insurance Question
I'm a new landlord. The very FIRST DAY my tenant moved into the house we get hit by a hailstorm that damaged my roof. State Farm estimated the damages at about $18,000. My deductible is 2% of the insured value which c...
Nicholas Fitzgerald
Looking to buy vacant off-market property
After my due diligence, I know the property has been within a family for a number of years....
It looks like there have been multiple quit claim deeds to different family members. The vacant property is also sub-stan...
Sharilyn Glover
Bookkeeping For Roth IRA Owned Single Member LLC's ?
If one owned a single member LLC within their Roth IRA, and that entity invested exclusively in real estate, tax liens and debt instruments, would it not be acceptable to simply incorporate "grammar school" like accou...
Mark Forest
Allocating vehicle expenses
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...
Fausto Carosella
Refi of Primary home no longer deductible? What about house hack?
Hey all,So if I'm understanding this aspect of the new tax law, the mortgage interest is only deductible on ACQUISITION debt for your primary residence... correct? Meaning if I get into a house with a higher interest ...
Jacob Allen
National Guard Related Tax Question
I'm keeping a tracker of my mileage for tax deductions through real estate. In doing this it dawned on me, can you write off the mileage that you drive for drill weekends as well?Given that drill weekends are only on...
Andrew S.
$5k or $2.5k deductible on insurance
Curious how many folks use a $2500 or a $5000 deductible on their home owners policy? The price difference would pay for the $2500 difference in deductible in 15 years. I assume it's probably a wash on making a claim...
Jillyan MacMorris
Tax Benefits on First Property?
I purchased my first place in 2021, putting 5% down because I moved into the property. I plan to rent it out next year, but I wonder what write-offs I can take on a property that was not financed with investor financi...
Eric Sender
Deducting Interest in 2018?
I am a CA resident looking to start REI, most likely as a sole-proprietor at first. I am expecting that all my expenses concerning the investment, such as interest, will be a write off from my REI income. In fact I ha...