I was wondering if you folks are deducting mileage expenses from driving to and from your rentals, for the purpose of showing the property, placing tenants, and doing repairs. To clarify, this is not with a business '...

The cash pile (well digital that is) is adding up. Who here knows whether Barclays or Ally bank are a better way to go for high yield online savings account?Barclays is 1.85% per year and Ally is 1.8% for Ally bank. T...

How many cars do you allow your tenant to keep on the premises? And why?

I am planning to get my real estate license this summer. I also will have to purchase a vehicle around the same time. If I waited to purchase a vehicle until after I got my license, could I use it as a deduction by sa...

Hey everyone.  I will be needing to purchase a truck in the next weekend or two and plan on purchasing it and using bonus depreciation to offset my income.  The vehicle will not be over 6,000 lbs (likely a Toyota Taco...

Where specifically do contractors go to file a mechanics lien?

I know that looking at someone's car is a great indication of how tidy of a renter they are going to be. Well, I had a gall drive up for a showing in a nice Suburban with her mom and we ended up renting to them (d...

Hi, I am trying to fill out forms 4562, 8825, and 1065 for a partnership. Form 4562 is all done and contains depreciation from our rental properties and one listed property. The deprecation from this form is supposed ...

Hello BP!  
I am a longtime newbie finally taking action.  Yay me!
Property #1 - I have a semi-detached SFH in Baltimore, Maryland that will be ready for a tenant by May 1st or sooner.  I live out of state.  The nei...

I want to show you how you can get paid to buy a vehicle for your business under tax deduction Section 179. You can potentially write off the entire price of a business vehicle depending on the cost and strategy used....