The CARES Act was effective in 2020, however a lot of the tax laws and rules that were passed are still able to be utilized for your 2021 taxes. Here are some of the key changes that occurred as a result of the CARES ...

Hey team, tax question: I know, moving forward for 2018, that HELOC interest is tax deductible IF, for example, the funds are used for improvements to a home. Does anyone know how the IRS would know/track that? For ex...

I'm in a bit of a unique situation that I'm sure others have been in, but is new to me:I am under contract to close on a new rental property in early January 2016. The terms of my purchase contract stipulate that I am...

I'm a first time investor and my tenant just paid his first months rent. Typically how much do you set aside for Taxes?

Any suggestions so I don't make a rookie mistake?

Investment Info:
Single-family residence fix & flip investment.

Purchase price: $210,000

Cash invested: $265,000

3 Bedroom, 2 Bath, 1600 square feet, single family residence within city limits,...

I had a new water heater installed in the rental (before I placed the rental in service, if that matters). Do I have to depreciate the water heater like I would a kitchen appliance, or is it okay to treat it as a repa...

When you purchase a property and immediately rehab before renting out, do you add the cost of the rehab to your basis of the property, or do you take a loss that year? Does it make a difference if you have a bunch of ...

I am just starting out in REI and starting to practice looking and evaluating properties for sale on realtor.com. I know I won't find the best deals there, but without any experience doing this before, I think that is...

the past two weeks, I listened a lot of biggerpocket podcasts. It talked a lot about cash flows: 1.5%~2% rent/price ratio....i live in new jersey, very close to NY. it is very hard to get that ratios. prices and expen...

When looking at purchasing multifamily, do you do the one percent rule on the current rents or potential rents?