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So I just had an offer accepted today on a 2 bedroom 2 bath SFH. I have a friend who is going to be renting out the second bedroom from me. I know when you live in one half of the duplex and rent the other you're able...
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Hi Everyone - this happens to be my first post on BP, excited to be part of the forums.I've been investing for about a year and have purchased 4 units in metro Denver at an average cost of around 150k/unit. I had a th...
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I have an investment property and looking to see what property insurance I should switch tooOption One – Has a $2500/2% Hurricane Deductible. Personal Property Replacement Cost Coverage is not included, and valuation ...
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Hello guys, I have a question. When I buy a property how much can I deduct in average from that purchase for that year or what thing related to that purchase can be deducted.. ( example: the down payment?) Also, ca...
Hi All,I want to confirm if I understand tax implications of a rental property correctly. The biggest confusion point for me is if rental income is taxed on gross income or net income (I think it's gross?)Here's an e...
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So I am about to put the master bedroom (with bath) in my home (of 3 beds 2 baths) to Airbnb and I am confused about all the tax-related stuffs. Let's say my home is 1500sqf on a land of 6000sqf, and the whole master ...
What percentage rate of insurance deductible do most of you use. I am currently using 1% deductible and considering using 2% or 3% percent instead.
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Hey! I used a HELOC for property expenses. Is the interest on that HELOC a deductible expense against that property's income?
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Do you know if it is possible to have a tax deduction for interest/profits earned on promissory notes/PML? Like a K1. A Trust is in place. Thanks!
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Am a US foreigner and purchased (cash) a property in Orlando, FL in order to rent it long-term. Based on my understanding I would need to pay taxes on rental income and there’s 2 ways on how to do this:1) Need to pay...