Sam Smith
Landlord deducting insane amounts from security deposit
I just moved out of a Chicago apartment (1 bedroom). The apartment was handed over to the owner after a walkthrough where I handed the keys to the LL and we identified 2-3 issues such as crayon marks on walls and kitc...
Mathew Zorn
Owning a rental and tax write offs
This last November marks one year of being a land lord. What I need help with is what can I write off for my taxes outside of the normal office space write off, portion of the utilities, gas mileage, computer write of...
Kyle Jenkins
Seeking advice on basic tax strategy
I currently have a condo in connecticut that i will be renting out in august. I am moving to a single family in texas. I am looking for advice on taxes from the basics. With this property going up for rent what are ta...
Anthony Zotto
Election results and impact on real estate investing
I was just wondering everyone's thoughts on how the outcome of the election will impact small multifamily real estate?
Thanks!
AZ
Matthew G.
To refinance a primary residence to rent with a higher rate in order cash flow in California?
The heart of this question is the tolerance with different investor strategies regarding positive cash flow vs. appreciation potential.
This scenario is probably more common in California due to the difficult...
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...
Jess White
What rental REI expenses can I deduct while still a W2 employee?
I am currently still a W2 employee while building my real estate business out of My question is this, what can I write off on my taxes while I am still a W2 employee and not considered a "Real Estate Profressional"? I...
Kyle Scholnick
Are down payments on rentals tax deductible?
I know the mortgage interest and any expenses associated with the rental property are tax deductible but, is the down payment of a rental property tax deductible?If I put $40,000 down on a rental property, can I deduc...
Kyle Meyers
Appraisal Fee Deduction
I am getting a cash out refinance mortgage on one of my rentals and will be using the cash to rehab another property to rent out. As I understand it, the appraisal fee and some other closing costs are not immediately ...
Andrew Kougl
LLC paying back WholeLife policy loan used for down-payment?
Hoping someone out there has done this. My insurance agent shared with me that if my personal insurance policy is used as a loan for a business expense, the interest on the loan is tax deductible.In my case I want to ...