Do the majority of GC's charge you for doing a job analysis on your property? Like a trip charge etc? I have met with a GC that I like and has done good work through references and so on, but charges to do a walk thro...
Hey All,I'll be visiting Memphis, TN for the first time next week, for the purpose of conducting further due diligence on my first investment rental property that I have in escrow at the moment.I'll be riding around w...
I'm trying to make sense of what I'm reading about deducting meals. It looks like I have to be on a business trip in order to take the deduction. Is that right? Here's my scenario:
I'm getting ready to take posses...
Hello all!I'm looking into investing into a commercial syndication in the southeast.The question I had is if I take a trip to the city of the investment, is the trip tax deductible?Does the deduction depend on the rat...
I'm a little confused on the gas mileage deductions. In years past I have purchased a property for rental purposes and worked on it myself for several months until "ready" to rent. The properties are rented in the s...
Hello, I was wondering if anyone had any insight on if expenses incurred in obtaining a vehicle for my real estate business would be tax deductible.Example: I own property in Michigan and purchased a vehicle for $10...
Hi Everyone,New investor here. Just bought a SFR rental in Mesa, AZ and I am already doing some tax planning. I live in California, so I plan to drive to my rental property and I had a question regarding travel expens...
My partner and I have been investing on our own for about 10 years. Neither of use has ever read a book or gone to school for it. I'm a GC and handyman and have been in construction since I was 18, I'm 42 this year....
Hi BP community! I am a newbie to vacation rentals - helping my mother and father turn their beach home into a rental to help subsidize (likely, soon) assisted living/nursing home expenses. Their property is in Sout...
Hi there, when my family and I travel, we simultaneously use that trip to look at potential investment properties. I was wondering, are any of those travel expenses tax deductible?