Amol K.
Cashout refinance interest
Could you please let me know if the interest in Step 5 below would be tax deductible:1) Buy Property for $100k. $20k cash down, and $80k loan (for simplicity, say interest-only)2) Property appreciates to $150k3) Refin...
Anthony Del Russo
House Hacking Tax Deductions: Nitty Gritty
Hello BP!I am 3 months into my first SFH house hack (Going Great!) but am now trying to educate myself on further ways to be tax efficient.I understand how to calculate depreciation allowance on a house hack but was w...
John N.
Taking cleaning cost out of deposit
It's past its 30 day mark, but something I want to know when I become a landlord in the future.
I rented an apartment, then moved out. Rent was paid 2 or 3 days before it was ever due for 2 years straight. I feel I ...
Josh M.
Rental Property Tax Strategies - First Time Filling
I apologize in advance for the number of questions. I have tried to phrase them in such a way that it provides my conclusion and I am mostly looking for confirmation.If a CPA wants to do a quick review my return and d...
Ahmed Tausif Aijazi
Rental property tax question
Hello all.
I am extremely new to real estate investing and closed a deal recently. It requires some fix-up after which I plan to rent it out. My questions is
1. Can I deduct the fix-up / repair costs on my taxes?
...
Erina Sin
SW DC Condo - Financially Sound decision?
Hello,I would really appreciate some insight. I’m considering buying a condo in the SW Waterfront neighborhood (Potomac Place Towers) of DC, and am wondering if it’s a good financial decision. I already believe it’s a...
Eric P.
Want more Cashflow.. Pay off debts or Use cash for property?
I have about $37,000 worth of debt between student loans and used car payments. My highest rate is 6.5% student loan (tax deductible) the lowest is the car loan at 3%. I want to break into RE investing with my bigge...
David Yamamoto
Divorce - refi primary options
So, going through the big D and obviously this has turned things upside down for me... I am staying in the primary residence, wife is moving out and keeping our single SFR out of state investment property. So far th...
Matthew Walker
Tax Questions about Rentals in CA
I bought a single family house with 5% down and am fixing it up while living in it with a friend. After renovating, I'd like to rent out the entire house. I can definitely manage to rent it for slightly more than all ...
Will Ellis
Do all fees need to be assigned to a single property on sched E?
I am a new real estate investor. I am starting to look at taxes and have a question about Schedule E. I have some expenses that I have incurred this year that do not coincide with a single house that I am still hopi...