Hi BP,I’m struggling to calculate the potential tax benefits for owning a real estate investment property. My research has shown that the following are the greatest available rental investment property tax write offs:...
I'm a part-time investor and looking for advice on how to have my real estate investments cover their own mortgage/expenses. I'm working with two investment properties.
Property #1: has had significant equity, and...
At closing I got my check which is my profit and remodeling costs.My accountant refused to deduct these expenses on my Capital Gains form.He included the total cash received at closing.What can I do? So basically he’s...
I am new to rental properties, and real estate investing. I was listening to the BiggerPockets Podcast, and I heard something interesting by Brandon Turner. He mentioned purchasing a rental property for his child to p...
Hi everyone, I am running the numbers on a potential property and Im making sure I am doing this correctly.Here are the #s, if these look right I am paying $803 in taxes on a property that Cash flows $1,574??
Gross...
I own 6 multi-family properties (3-4 units each) all are positive cash flow, I am wondering what is the better approach ?
1. To allocate income/expense to each property on Sch E (as I have done so far) or
2. To decla...
I've been looking around for some time now and I keep reading about cash flow of 100 dollars or less per unit per month. Is it worth the effort ? Here is my situation see what you think..I am looking at REI for maybe...
Bigger pockets. Can I get someone to explain how the RUBS system works if you own an apartment building and looking to bill back for water, trash etc? Let's say the operator is paying $40 bucks per unit. How much of t...
I'm new to the group and new to owning non-condo rentals. I have two four-plexes that were built in the early 1950s and have required a fair amount of maintenance since I closed in May. My realtor keeps encouraging ...
Hey BP! This might seem like a silly question but I am having some trouble here. I am practicing on the BP calculator. I am working on the portion of the expenses... My question is, where would I go to find the electr...