Hi All,I'm curious how people are continuing to justify buy-and-hold investments in Illinois suburbs with the current state of property taxes. I've got my eye one pretty inexpensive property which is listed at $80K, w...

Hi, I'm new here and new to real estate investing so please bear with me. :)

I currently am renting out my first house that I bought 10 yrs ago for the same amount that the mortgage payment is each month. My interest...

My wife's daughter (50) and her two daughter's (20 & 21) are living with us in a two bedroom apartment. The landlord has become aware and wants the "guests" added to the lease if they qualify. They don't and will ...

I have a full time job as a waiter and have not invested in real estate yet. I will soon become a manager of a new restaurant owned by my boss. He gave me the option to say that I'm getting less money so at the end of...

Here's my question......I just got a roommate. He pays $425 plus half the utilities. He rents 2 bedrooms from me and a garage space in my single family home (4 bed/ 2bath). My question is on the best tax strategy for ...

I have recently purchased a 12 family apartment building in Lowell Massachusetts. The previous owners were very lax in their policies and procedures and have let people run the building how they see fit. One of my mai...

Hey BP, my grandmother bought this property for my uncle to start a business. Long story short he ran the business into the ground and now my Grandma is hemorrhaging money on taxes every year for this thing. It is all...

Estimated cash you will need at closing 16,342$Estimated monthly mortgage payments 730$30 Years Fixed Rate at Interest Rate 5.500% Home Purchase Price 76500$The home is a Duplex Upstairs and downstairs In Good Shape i...

Much of this thread is repost of parts of other threads and blogs from a year ago. I"ve been continually asked about this subject and there are lots of newbies on BP that may benefit from this.
I want - to start wit...

Besides the obvious write offs: gas, home office, etc. What are some of the worthwhile things you have bought that have a huge write off? At over 200k/year, with the progressive system your top end income is nearing 5...