Ben D.
Tax Implications of HELOC Against Rental Property
Hello BPers,
Earlier this year (May) I obtained a HELOC against a rental property that I owned free and clear. I then combined funds from that HELOC with some of my own cash to purchase another rental outright. Ha...
Matt Tallent
Is a daily driver truck a tax write off?
Hey all, I have a sedan now but I’m always finding a need for a truck. My plan is to trade in my sedan and buy a truck. Can I buy this from my rental bank account and write it off. Also can I write off the maintenance...
Sammie Yang
Saint Paul - Head start on lead- to be licensed in February
Hi BP. I want to get a head start on getting clients in Minnesota but my network circle is small. I've been out of the social life for awhile and wondering how I can get leads before I get my licensed. Who should I co...
Dhruva Patel
Half family occupied, half rental
Hey experts,I recently bought a condo under my name and created an LLC. The condo is under my name but the LLC was created because I planned on renting out half of the space. My brother will be living in the other hal...
Eunice Villarroel
Is there anyway to qualify for homestead tax exemption as an investor?
I’m in the process of growing my real estate portfolio. I purchase One primary residential house per year. is there any way where I can take advantage of the homestead tax exemption ?
Joel Johnson
Common Areas in a House Hack (Taxes)
I just purchased a new, larger home. I am house hacking and renting out one of the rooms. I use TurboTax for my taxes every year and they want to know what percentage of my home is being rented? Do I get to count any ...
Mike H.
Section 179 Vehicle. How to define the workplace?
Hello,I am trying to see if the section 179 vehicle deduction would apply for my case.I have a W2 full time job, as well as short term rentals:- W2 job takes 40hr of my time 4d/week at the office, 1d/week from home- I...
Account Closed
Benefits of Being a Real Estate Agent in Ontario, Canada
Hi everyone,
I have been thinking about getting my real estate license solely for the purpose of my own research and not to buy/sell for clients. Would love to hear from more experienced investors in Ontario ...
Valeria R.
Advice on starting partnership
Hello all.My husband and I have 4 homes combined.Where we live, then a 3 unit duplex. One is airbnb and 2 aparments. So looking inyo into buying more homes. My younger brother who still living at home wamts to buy a h...
Terry Matthews
CPA for Owensboro Kentucky area
Looking for a CPA in the Owensboro Kentucky area that can help me with tax strategies for investment properties.