Kim Ay
dirty tenants and security deposit
hi to all and thank you for taking the time to opine.we have had our unit rented to 2 young males. Their lease ended 7/31/20 and they refused to get the move out walk through. we started showing the unit 2 months befo...
Linda Pasas
To Insure or Not to Insure?
Hello fellow BP friends,I am frustrated with my property insurance and was hoping someone could guide me in the right direction. I bought 8 out of state rental properties within the last year and have insurance on al...
Noman Aslami
Car for business use
So I drive my car for making trips back and forth on the properties and running errands. I am using mileIQ to track my mileage for business. My question is if I need to keep my receipts also that I put gas if I am usi...
Tyler Piciullo
Section 8 Question On Rents. (Section 8 Experts NEEDED)
Hi. Let's say that for a zipcode the local Section 8 HUD Payment Schedule is $2500 after utility deductions call it $2300. Now let's say the going rent in that zipcode is $2,900 for a non-section 8 program tenant.Ques...
Account Closed
The Annoying "mortgage interest" write off
Recently I've heard (or seen) some real estate guys preach and preach and preach about how keeping mortgage debt is good because you don't lose the mortgage interest deduction. This is very misleading to a new invest...
Ali Javid
How did you manage taxes when you started out?
I try to be frugal and dedicated.I read books on the tax benefits of real estate. I then filed my first year with TurboTax and was all of a sudden surprised. A lot of tax deductions didn't apply to me due to my income...
David Coffee
Car Expense Tax Write-Off for Real Estate Investor
Hey there! As a Real Estate Investor can you write off your Car expenses if you use the car for multiple businesses?EXAMPLE: You use the car to look for potential flips, business trips and to go to business meetings; ...
Julio Gonzalez
Environmentally Friendly Tax Credits for Your Property
As we work towards becoming more green, did you know there are actually two energy efficient solutions that you can utilize with your real estate property? And better yet, you get tax credits and tax deductions for ut...
Julio Gonzalez
Environmentally Friendly Tax Credits for Your Property
As we work towards becoming more green, did you know there are actually two energy efficient solutions that you can utilize with your real estate property? And better yet, you get tax credits and tax deductions for ut...
Bob Stein
How do you clasify refi closing costs?
Hi. If I refinance 1 property to buy another, are the refi costs expensed, capitalized with the original property, or capitalized with the new property? Thanks