Melanie Baldridge
Did you know this about Gas Stations?
The tax advantages of buying/holding gas stations are pretty great.
Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year pro...
William Allen
Get Paid to Buy a Vehicle for Your REI Business
I want to show you how you can get paid to buy a vehicle for your business under tax deduction Section 179. You can potentially write off the entire price of a business vehicle depending on the cost and strategy used....
Charlotte Dunford
Syndicator's acquisition fee tax deductions
Can you deduct operating expenses from acquisition fee received? Let's say you received $30,000 in acquisition fees, the first year operating expenses of the property is $45,000. Can you deduct all of that? Or do you ...
Rene Gonzalez
Private Loan from Parents Question
I'm considering buying a property in the Mexico (Riviera Maya area) for approximately $100K. I'm looking at this property as a place I can use as a vacation property, short term rental, and a retirement location far i...
Jonah S.
Rental loss carryover vs depreciation question
Hey all,
I have been doing some learning about tax implications for owning rental properties and I had a question.
Its my understanding that you can carry over net operating losses from year to year basically indefi...
Matthew Banks
Property Insurance - deductible level, ways to reduce premium, student tenant policy
Hey, we own/manage a handful of rental properties. We have a very low deductible ($1k) and I'm wondering what the norm is/should be for a rental? We could likely get by with something far higher ($5-10k) and I imagine...
Jason Bott
If you have or need Flood Insurance - FEMA Raising Fees and Rates April 1 2015
For investors who own or looking to purchase properties in a Flood plane, make sure to factor in these future premium increases FEMA will implement April 2015. These costs are in addition to the rates currently being...
Paul Ksenofontov
Can I deduct from an inherited security deposit
Hello all,I recently purchased my first multi family and inherited two tenants. We successfully evicted one of the units to occupy that side. The tenant who we have evicted had a 2,000 dollar security deposit that we ...
Brad Henson
First deal fell through - what expenses can I deduct from taxes?
Hi All,I was under contract for my first property, but it ended up not appraising, so we backed out. This property was located in Michigan (I'm in CA). I spent $525 on the inspector. In addition, I spent $400 on a fli...
Matthew Porcaro
House Hacking - Am I able to write off part of my duplex?
Hi Everyone, I'm close to putting an offer on a duplex that I am looking to 'house hack'. Now, I will need to be living in it for a while, so it will be my primary residence, but the second floor will be rented out to...