Richard V.
Tax implications for RE investors
Hello fellow BP members!I reside in California and am looking at investing in out of state rental property. With the new tax law in place my understanding is that interest rate deductions are capped at $10,000 per ye...
Freda Curtis
Insurance for Rental Property
Hello everyone,I am looking for insurance for a single family rental property in Virginia Beach, VA. I would greatly appreciate any suggestions regarding good companies or brokers to deal with.Thanks,Freda
Ann Baker
Security Dep Damages not yet repaired
Hi,Can we deduct from security deposit damages not yet repaired but nonetheless were damaged by the vacating tenant? How would we calculate the damage?Specifically, countertop that was greyed out by something they did...
Dave S.
1st time filing taxes with real estate...What should I know?
Hi, I want to thank you for taking the time to read this. Call me insane but I wanted to take a stab at doing my own taxes and see if I can make my way through. However my biggest fear is that I leave a significant ch...
D C
Cash positive rental properties or leveraged debt ?
So I have $200K liquid in the bank (I have my own company) and I earn about $260K a year (before taxes).
By my calculations, if I buy a $250K condo in a well sought after part of the city, and pay it off COMPLETELY i...
DA Nguyen
Borrow to invest in crowdfunding REI - interest deductible?
I'm looking to withdraw a small amount out of my HELOC to invest in a few crowdfunding deals. I believe income from crowdfunding deals (regardless of whether it's debt, preferred equity or equity) is considered passiv...
Sandy S.
Providing specific security deposit amount to tenant?
Tenant is not renewing lease - Is it appropriate for a tenant to ask for a specific security deposit amount as they prepare to move out? I have not had this happen before, and wonder how I could possibly give them a ...
Eric Grant
Another LLC question, regarding equipment/material purchases
I see a lot of posts with questions about whether or not to obtain an LLC or S-corp before purchasing a first rental but I've not found the answer that I'm specifically looking for.I'm looking to purchase our first mu...
Chad S.
Deducting a new septic system.
I have a septic system that has failed and needs to be replaced.Could I deduct this as a repair instead of a improvement, since I have no choice but to replace it?
Matt Moldenhauer
Closing Costs. Roll into the loan or pay out of pocket?
So we're buying an investment property for $78,000. It was never brought up and I made a stupid assumption that closing costs would be paid by the seller. Wrong. Now we're on the hook for $2,700 in closing costs that ...