Kevin Franklin
Business Trip Write Off
I purchased a ticket in December for a flight in mid-Jan strictly to visit one of my properties and attend a seminar. Would this be a tax write-off for my 2019 tax return? Also wondering if the expenses incurred dur...
Steven Chang
3x Income Pre or Post Tax?
I couldn't find the answer in a quick search, but is the 3x income rule pre- or post-tax? If pre, does this rule shift in states that have income tax and states that don't?
Rich S.
What relationship(s) are most important to your REI success?
Good day all BP'ers. In having a discussion with a seasoned RE Investor this past week and picking his brain on the structure of his business I really deduced his success down to three main relationships:#1- He has a...
Art Maydan
Are Rental Utilities Deductible?
Hi Everyone,Would things like an electrical bill I pay for common areas and the water bill which I pay fully be tax deductible or are those just regular expenses?Much appreciated,Art
Kenneth LaVoie
Finding historical vacancy rates
Hi,I've never calculated vacancy rates other than "back of the envelope" awareness that ours are far better than the 8% I budget. However, now that we're putting our 48 unit portfolio on the market, I'd like to be abl...
Account Closed
Insurance deductible and umbrella?
So I'm looking into ins for a 4 unit all 1 bedroom 1 bath. What deductible should I be looking at $500, $1000 or more and should I worry about contents as well. Also is an umbrella policy good as the multi family will...
Felipe Ocampo
Fixing rental unit
My dad is a handy man and he just helped me fix my unit for free(e.g. renovate an entire bath room, change the electrical outlet covers, fix falling tiles from the other bathroom). If he creates a bill of how much he ...
Ariel G.
ROI calculation with HML and Refi strategy
Hi. I've been trying to run the strategy for investing without theoportunity of a conventional loan.I've been trying to run the numbers, because it didnt seem to work outfor me because of the higher interest rate of a...
Manas M.
How to track amortized tax deductions?
This is going to be my first year filing taxes with rental property. I know that some of the costs (like loan costs, points, closing costs) are amortized over the life of the property. I am interested to know what tip...
Amir Navabpour
Driving down insurance premiums
Curious why peoples opinions are on maintaining full coverage (with Lower cash flow) vs driving down your coverage to improve cash flow. My increasing my deductible from 1,800 per property to 5,000 per property I can ...