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I bought 3 rentals in 2018. With the new tax law I can deduct all rehab costs AND I can deduct the value of things like floor cabinets etc. (about 15-20% of the total purchase price of each unit!) which is a big deduc...
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I looked at filing an amended return but it doesn't really have any line items for carry over losses from rental property from the previous year. I know I needed to file a 8582 and a 6198 but only filed the 8582. Is ...
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I have to use the entire security deposit to cover lost rent. The invoice for rent is created. If I just issue a credit memo how do I DR the balance in the tenant security deposit? I don"t want to create an "item" ...
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Ok BP I'm prepping for my first flip.... I will share what I have so far and any advice you may have please share.
I've been wholesaling so I feel know how to analyze potential deals. I've been looking for my own le...
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This is my first real estate investment deal, SFH, 3b2b, ~1700 sqft, at ~$120K. It is around 100 years old. There are 28 safety hazards, 63 recommendations out of 169 inspected items in the inspection report.
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Hello everyone, i have a question about sending the list with deductions to a tenant that was evicted for having more pets than permitted. She provided an 850 security dep upon move in and a non refundable pet fee of ...
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Hi Everyone,Last year I've converted my primary residence into a rental on July 1st, 2021. Can I deduct the mortgage interest that accrued while it was my primary residence? i.e the first 6 months of the year? I don't...
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Hello,I would like to get started investing in commercial investment office such as office condos investment .As i started researching I started observing there are opportunitieswhere two or more condos available as...
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I've been thinking about making the jump to larger apartment complexes and reviewing a lot of T12s to understand them. One thing I find very misleading is that they seem to throw a lot of things into Capex, the 9400 s...
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Hi all -- I'm trying to build out some kind of cash flow projection formula for analyzing properties. I'm looking in Grand Rapids/Holland/Muskegon/Kalamazoo MI.
For simplicity's sake, assume a $100K property renting ...