I'm sure everyone has some knowledge to bring to the table but might not know everything about saving money on your taxes so this thread is here to help make a collective list of ways to save money on your tax returns...

Where do you all put deductions that cannot be attributed to any specific house? Things like inspections for houses you did not buy, periodicals about real estate, tax prep, education seminars and classes for real es...

My condo is an HOA that is suddenly non-warrantable for conventional financing. To save money, management raised the wind and hail insurance deductible from 5 to 10 percent. That exceeds the 5 percent max allowed by ...

Buckle up. This is a long post addressing many myths around the current obsession with the "STR loophole." And the first of such myths is that it is a loophole. No, it is not. Loopholes are something UNintended. In co...

Hello!
A friend is exploring a potential professional opportunity that would require her to be in NYC about 2 days a week. To lessen the commute burden, she is thinking about investing in a small property about 1hr b...

A 50/50 partner and I just purchased a duplex with a conventional loan. We have a tenant in each tut came with the property and receive 1000 in rent. P&I is $200 with taxes and insurance NOT in escrow. We have no ...

Hi BP, 
I wanted to post to make sure I'm understanding the depreciation recapture process using an overly simplified example.  I'm leaving out deductions for closing costs, maintenance, repairs etc.
Say I buy a hou...

I work a regular full time job and i just started a new LLC for building new construction homes for extra income.. I'm almost finished with my first build which is a 2000sqft 4 bedroom home that I have priced at 195k...

Hi everyone,What are some of the best websites/ books that outline the tax benefits/ loopholes of having and investment property specifically for STR? Thank you!

I'm asking this question for a relative so unfortunately I don't have all the specifics.  Tenant was working in the garage on the property and started a fire.  The garage was a complete loss and the landlord's insuran...