Hi Community Newbie to the community looking to get started in rental properties.  I've heard of people using rental properties to lower their taxable income but I'm not clear how this is possible.  From what I'm gath...

I just bought my first multifamily property and I have been thinking about how to maximize my tax benefits on it. If i can write off property management fees as an expense, can I pay myself (either as a sole proprieto...

Hi BP,I’m struggling to calculate the potential tax benefits for owning a real estate investment property. My research has shown that the following are the greatest available rental investment property tax write offs:...

Hello and good day BP family I hope you are having a great start to your day!As the year is coming to an end I am looking at some maintenance projects that I would like to do on our investment properties.-Are there an...

As tax season is approaching, I'm trying to find more ways to reduce my taxable income to get down to the more favored brackets.If I have passive income (rent) coming into an LLC, can I pay myself a management fee to ...

How much tax savings can be expected with my first investment property? How can I do the calculations myself? I pay a lot in taxes in my W2 job, and would like to know how much can be offset.Does the math change signi...

Hi Everyone, I'm looking for some insight on how to reduce my taxable income. I already have a Roth IRA (Vanguard), but just recently heard about the backdoor IRA on the money podcast and was wondering if I would have...

I recently attended a seminar where the speaker was talking about the various real estate businesses he owns so that he can move expenses around, thus reducing taxable income dramatically. So for example, one business...

If you own a property free & clear or when calculating for a cash purchase, do you still calculate a vacancy expense when determining cash flow?  Why or why not?Cheers. 

Questions:  (1) May the owner of a single member LLC loan money to the company and charge the company interest for the loan?  (2)  If so, is the interest paid by the company a deductible expense to the company reporte...