Nick Gray
Is an FHA Loan's MIP Tax Deductible?
I have a 4-unit MFR under contract and I am comparing financing options for down payments of 10% and below. Not surprisingly, banks are pitching me hard on the FHA loan, which would carry a 1.75% upfront MIP rolled in...
Ronald Perich
Reasonable expectations - Need some help understanding taxes
I've been working hard on my business (even though I am not yet in the business). My plan is to start working the business in earnest starting in 2015. I know that some would prefer me to spend my time getting deals. ...
Mark Zui
Anyone actually have success with home warranty company?
Hello BP,My HVAC condensor compressor went bad on me and I called my home warranty. They will be sending a contractor soon. My company is old republic, so I am hoping they replace it. The unit is very old; but was wor...
April Conaway
Just starting out - question about taxes and depreciation
My dad and I are partnering up to buy some rentals. He already owns 2 small SFRs and a 4-unit apartment. We found a bundle of 6 SFR and are currently under contract. We are both contributing 50% of the down payment. W...
Chris Lombardi
Return of Security Deposit
To get to the point, my question is how nit picky do you get when determining how much of the security deposit to return?So I purchased my first 2 family home back in November and gave the first floor tenant until Jan...
Matt Maves
Depriciation for mulch, plants and annuals?
I have a rental and I am wondering if I can depreciate mulch, gardening soil, annual flowers and perennials? Also I have built multiple pergolas around the yard with pressure treated lumber. What depreciation schedul...
Account Closed
Strategies for Home Ownership as a Real Estate Professional - Pay Taxes or Take Write Offs
I have been in a good/bad dilema for some time based on my success as a real estate professional. Since we are growing and taking on new projects, my write offs have steadly increased or at least kept pace with my i...
Cooper Marcus
RE Professional - can I deduct losses from rental AND syndicate?
Assume that (in a given year) I'm a Real Estate Professional, and I've passed both the 750 hour test for my real estate activity and the 500 hour material participation test for a rental property I own and manage. Ass...
Bobert M.
CAPEX - actual vs replacement
Rental properties:First, when figuring the Capital Expenditures for improvements, and their ages, is there a standard age range for certain things, such as 10 years for flooring, 20 years for windows, etc... or are yo...
Loretta Chavez
Can't write off rental losses until I sell??
Just got our first rental property last year. We put in 25k in rehab plus it was not rented until 2017. My accountant said "Because it was over 150000 (taxable income I assume), IRS carried rental loss over to next yr...