I've done a little reading on making trips/vacations tax deductible, but I'm still not totally clear.
I am going to visit an out-of-state turnkey provider as part of my due diligence process to meet them and see th...
I hope I am asking the correct question:If I am purchasing and improving a flip with the following scenario, how would the interest being deducted in terms of when I capitalize on the property? Or am thinking through ...
What are some of the pointers from a tax and expenses perspective to consider for a married couple that is going to buy a 2 family, with the intention to owner occupy one unit, and build a portfolio over time?
Hello, I’m looking for information on managing my first rental. Are there applications used for organization and management of rental. Good books for optimizing tax deductions, depreciation etc.
I was trying to figure out what things having a job while investing gives you instead of being self employed and I was curious about health insurance. If I were to quit my job and no longer have their health insurance...
Hello, I am currently looking for advice on a reputable lender for a HELOC. I believe this is the most advantageous route for me to pull equity out of my home now. (I am open to hearing otherwise as well). I woul...
Hello,I will be closing on my first rental property on January 5th. The house needs numerous small "repairs" that we are planning on completing in the first few days of owning it. Most of these items are small like ...
Here is our current situation. My wife and I purchased a property in 2016 with two houses on one lot. We have recently finished renovating the house we do not live in. And will begin to rent it in the next month. Curr...
Hi BiggerPockets friends,I purchased my first duplex in Philadelphia last June and am looking for tax guidance. I live in one unit and rent out the other. Does anyone have any experience with which deductions/credit...
Hello All, As my day job I am a Kitchen and Bath Designer and Remodeler. I have a showroom in a commercial area and have long planned on making a small Design Studio in about 10 years as a 'semi retirement gig' in my ...