Hello everyone.  I need to reduce my mortgage costs! It's my largest monthly cost.  I don't have any other costs I can reduce.   I am looking into converting or building a new mini ADU from where my current detached 1...

Hi Everyone,I hope everyone is doing well. I have two questions that I am hoping someone could shine some light on. First, I want to start house flipping in CA full-time and I am interested in the best possible way to...

Can't take the credit, was searching for tips on tax breaks for Landlords and happened upon this link - http://www.nolo.com/legal-encyclopedia/top-ten-tax-deductions-landlords-29497.html

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Hi,I have an out of state rental property in Albuquerque, NM. My monthly mortgage is above the current rent ( ~3000 mortgages vs ~2000 rent). I manage the property remotely. My tenant will move this month. The estimat...

Along with Material Participation as a Real Estate Professional, you might also want to consider grouping your activities together. So a common question that I get is-

Do I need to group my rental activities together...

Can depreciation on rental properties be used to offset W2 earnings? So for example, if I make $100,000/year through a job, can taxes on that income be offset if I make a loss when I deduct depreciation from my rental...

Hi all, looking for some advice on how to get tax break on regular job income by buying real estate w/o having LLC or meeting 750 hour real estate hours invested?

So today I called my CPA to let him know that I’m going to be buying rental properties in the near future. I Wanted to get some insight on some of the tax breaks I would be getting for having rental properties, he ...

Sorry if this has been asked before...maybe I'm not using the correct keywords.I am confused about the mortgage interest tax deduction. I understand that it allows the interest on a mortgage loan to be deducted, but h...

If I have been taking a loss as the house is empty while it's on the market. Will it hurt my chances to get another loan this year as my schedule E will show a slight loss on paper once the units are all averaged. The...