I have been investing for several years. Initially, I met with a Tax Consultant to ask how to categorize Misc Expenses. Expenses that cannot be tied to a particular property. He advised that I either not report the...

Hello there ! I'm brand new to BP, planning on buying a house (primary residence) by the end of 2019 and weighing the pros and cons of monthly vs. bi-weekly mortgage payments. Any feedback would be helpful. Thanks !  

Before the keyboard warriors jump in, please understand that I am in between Tax Advisors/Preparers so this is as much of a short-term need to get an answer, as well as a prelim interview Q as I source my new Advisor/...

Hello,
We have a property that has potential for a 56 unit development. We have general contracted a similar size development ourselves in 2018/2019. I currently manage those units. We have continued to build and fli...

This is the first year I changed my former home into a rental. I changed it May 1, and have done a little updating prior to tenants moving in. I've always done my own taxes, but I've never needed additional schedules ...

if a property is quit claimed to me do I get the tax write off benifits when I fill my taxes?

Why does Turbotax create TWO entries under "Your Property Assets" for the same property? This creates two line items for depreciation which "seems" incorrect. The one entry turbotax creates appears to be exactly what ...

Hello, I'm looking at purchasing an investment property home and the lender indicated that they need to structure the loan with me renting out the property. Since I don’t own the home until after I close on it, I woul...

I inherited tenants on month to month leases and notified a tenant that I would not be renewing. They did not leave, so the eviction was filed today. Ironically, the same tenant filed a maintenance request today for a...

What questions do you ask the realtor before buying a multi family?