Hello BP! I'm seeking input from a CPA or tax professional that might be able to help me regarding claiming expenses on an investment property. I'd like to know how much I can expect to receive back from taxes after c...

Book keeping question - how would I record full rental income if I don't actually receive money from the property manager?
For example - For January I receive $1000 of rental income and incur $1100 for misc expenses ...

This elderly tenant signed the lease for one year. Paid first and last month rent. Started to move some boxes and light furniture in the next 2 days. On the 3'rd day, I received a phone call from her daughter who rep...

In the past 3 years I've flipped about 1 property per year in addition working my 9-5 job, I just received an audit from IRS saying that I have to pay an excessive amounts in taxes. I'm in need of a professional that ...

Hello all,This is my first post on BP and I am excited to dive in. Thanks in advance to anyone who reads this or replies.I've been reading Frank Gallinelli's book What Every Real Estate Investor Needs to Know About Ca...

Hi everyone, I have bought a triplex and am looking to refinance. The rents are below market value and I cant renew their lease until August. I would like to refinance before then. Just wondering if lenders are able t...

Hi all,I am closing on my first investment property in Bedford, Ohio. I've received a quote for property insurance through Foremost and would like to know if this is a good deal. Any advice is much appreciated!dwellin...

Of the several property mangers I have there are 2 that do 1099's differently.
One manages 2 properties and does not issue a 1099. Annually I ask and annually they tell me that their owners just use the income from t...

Rental Income + Taxes + How will this come out on taxes ?I need some help and confirmation please, given as how have the year is now over and 2017 Tax season isn't all that far away . This year will be the first year ...

Using the $ you receive as Rental Income as "Real" Income when a Lender goes to look at your Taxes:a Lender that I spoke with told me that they could NOT use the $ I show as Rental income on my Taxes........... this c...