Hello everyone.  I purchased a 9 unit apartment on 12/21 of last year.  I have a few questions regarding taxes and depreciation.1.  Do I need to file taxes for the property when I didn't earn anything the first 10 day...

if you’re figuring out the land value for depreciation purposes, can I use the Fair market value for the land? The county assessment taxes it at 59k which is WAY too high. A plot of land has sold for $8500, $10k and 2...

I've been contemplating how I can best partner with my SDIRA Checkbook LLC so that we both benefit. I understand that I cannot simply straight borrow from it, even if the terms are on par with the market. However, can...

Investment Info:

Single-family residence buy & hold investment in Raleigh.

Sale price: $234,000

Ncsu area. Thus house has been an airbnb/vrbo short term rental property since day 1. It has and is a t...

I have decided to move on from the family accountant who has little background in real estate.  I just purchased 12 units across 4 buildings, which brings my total portfolio to 14 units 5 buildings.  I would classify ...

Hey BP community —I am a neophyte investor who is trying to figure out how to plan my tax strategy, Implement a good bookkeeping system etc. In the hopes of finding an accountant, I asked a local real estate professio...

Hello BP Family,I am looking for lender recommendations from people who have closed cash out refi on BRRRR properties. Properties in Georgia Commercial product for property(s) held in an LLC75% or more LTV - CASH OUTN...

Hello, Have you used Upwork to get your taxes done? Tax preparation is complex, but TurboTax Software really takes the guessing out of it. Especially, after reading Every Landlord's Tax Deduction Guide - Stephen Fishm...

do you have capital gain tax liability if the purchase price of the new investment property is less than the net proceeds of the one you are selling in a 1031 exchange? (Net proceed, includes Escrow fees, Title, 6% sa...

Hi BP Community,Does anyone know if you can get a tax deduction for the miles spent travelling to and from an owner ooccupied property?