is anybody following the new tax bill? Not clear whether 500k or 750k is allowed for personal interest deductions and wondering if it makes sense paying off some of the principal for a lower monthly bill. I'm not into...
If I sell a property on a wrap, since the underlying loan is in my name, do I still get that interest deduction (on the underlying interest)?
I started STR last year (my first investment property) while working W-2 job. Is it true that I cannot claim loss from the rental property if my income is above 150k (married filing jointly)?
Hello,Can I use part of my room as home office for rental property for tax deduction I heard you can use a halfway that is dedicated for home is all this true?
Hello BP community, thanks everyone in advance for your help, recently sold my personal property and was able to gain a profit of about 53k which I am planning to use as a down payment for my first rental property. I ...
There's a lot of vague information out there...I'd like to post this in an attempt to generate some answers that everyone can ultimately reference.
(Assuming you're under 50 years of age)
Roth IRA
Income (AGI) limit...
Hey Guys,I'm debating whether or not to set up the LLC as a single or multi member. I have been reading numerous articles/references on which to choose. Still awaiting my accountants response but he is hard to reach.I...
My first tenants moved out the other day so I went over to the property today to change locks and do a few other things. I was surprised to see how dirty the property was. There was no damage to anything but they had...
Hello everyone and thanks for any feedback. This year i bought and renovated a few mobile homes in FL under the same LLC and already rented them out. The income is coming in to the LLC's bank account. My questions are...
During the first week of the month, like most landlords, I'm tasked with collecting rent, paying bills and utilities, and as always, looking for more property to acquire.
I have never expensed lunch when i'm out and ...