I want to get into real estate investing across multiple states. I also have my own side hustle handyman business (inactive I am not doing any work). Question: I was planning on closing the business. However would ...
Hello all, I am currently renovating my rental property in Glendale, AZ that I purchased in May 2022. My property will be in service mid-September of this year. I am looking for any information and advice on how I can...
I've heard it said that business income is handled differently than traditional earned employee income. Can someone explain this in an example for me? For example, how is $10k of earned employee income taxed dif...
I bought my first 2 flat in Chicago in 2022 a 203k fha renovation loan, moved in early 2024. March 2025 will be my 2 year mark. Most of the renovations we did were upstairs for the tenants unit (duplex up). Added a be...
The biggest real estate tax deduction is coming back. That’s right—100% bonus depreciation is almost cleared for a triumphant return as the House pushed a new tax bill to the Senate, one that includes some massive tax...
I just bought my first home property last year, so i'm very new to the real estate world. I've done some hard money loans which have been great and yield around 8-10% interest. I've been toying with the idea of gettin...
Hi! I own investment property that I rent out and take my write-offs, but I just use my CPA to do the paperwork/return. What are the tax benefits to holding empty properties that hold little value? It sold for $44...
We are buying rental properties within our Solo K. Can someone tell me what the tax benefits are to doing this? I understand that closing costs, interest, insurance etc. typically are deductible expenses in general,...
BP community, a big question I have is concerning the tax benefits for someone considered a "real estate professional," or someone that has the majority of their work or income dealing specifically with real estate. ...
Do you get excited about repair expenses because of the tax benefits?I'm trying to look at the positive side of getting my rental property up to the neighborhood value. I've read there are great tax breaks for busines...