Jason A.
Can I deduct both mort. interest and depreciation from my taxes?
Greetings,I'm getting some conflicting advice on this topic. Can I deduct both mortgage interest and depreciation from my rental property on my personal taxes?
William R Bebout Jr
My first deal was a set of Townhouses in Christiansburg, VA
Investment Info:
Townhouse buy & hold investment.
Purchase price: $180,000
Cash invested: $44,250
I was able to purchase Units A and B from an owner who was getting out and moving away. This is o...
Jonathan Perez
Hello everyone, I just want to introduce myself.
I am Jonathan Perez a Real Estate agent located in Miami, Fl with two years of experience. I am also an aspiring investor looking to expand my knowledge and network with the right professionals to accomplish investmen...
Paul Kubin
Notary = Real Estate Professional?
Asking for a friend. His wife is interested in notary work. They are wondering if she could be considered a real estate professional for tax purposes if she worked as a self-employed mobile notary.
Phil Baker
Mortgage interest write off on investment property
I’ve been struggling to get the right answer in writing off investment property interest. I thought investment property mortgage interest was tax deductible. My tax guy is telling me it is not. Does anyone have any in...
Andy Bui
Fund Raising ! How to keep track of investors money? How to be organize?
I am sorry if this question have been asked but I haven't been able to find it.
I have friends and family who wants to invest in real estate. I buy distressed properties then rehab and resale for a profit. ...
Ariel K.
Tax on real estate income
I just have some general questions about taxes on real estate income:1. If I turn a profit on real estate, what tax rate would I pay? Long term capital gains? 15%? 23.8%?2. Is there a way to always avoid taxes even af...
Account Closed
Your Profit and Loss Report is your Resume!
Your Profit and Loss Report is your Resume!I know that when we are new to this business, we are hesitant to spend more money than we think is necessary, after all, we have spent a ton of money on the rental home and g...
Iaroslav Demydovych
First time private money borrowing, need guidance!
I am in Lancaster Pennsylvania! I am looking to borrow some private money and I have couple people that want to land me money. Can someone please explain the legal process so I do everything right? thank you!
Micah Watson
Do I need a CPA? Recommendations?
I began renting my first and only SFR this passed April. Should I use a CPA to prepare my taxes or will my usual online software do the trick this time? Also looking for recommendations. I’m in West Michigan.