Malkia Ra
What IMPROVEMENTS (not repairs) are tax deductible for rentals?
Two major improvements to SFH rental property this year:1. Installation of a fence - rental is located in heavily wooded area; fence is to keep out the various animals that come onto the property (and have "terrorized...
Cody Jensen
Analyzing properties vacancy rate
Hey guys,I'm doing numbers on some properties and i know that most say to deduct 3% for vacancy. Where do you take that 3% from ? do i deduct the total annual rents? or monthly revenue coming from that specific proper...
Hugh Thompson
Private Money Financing for Investments
Has anyone ever heard of or dealt with Pacific Service Corporation as far as investor loans. Specifically they are in the "Term Loan" business for investors. Terms seems a little to good to be true with interest rat...
Chris Da
Creative tax write offs as investor
Have another question fo rall you guys..
Tax time...Let me give you a run down..I purchased a place this year as I posted before. I am renting section 8 and filled out the w-9 form. i am postive cash flow, and want t...
Andrew Taylor
Walk me through income & tax implications
My wife and I are closing in on our first multifamily property, and I'm really enjoying daydreaming about all the positive cash flow and how I'm going to enjoy it. (Don't anybody burst my bubble.)I'm curious about a c...
Christina R.
we "bulletproof" rentals but with what specific fixtures?
I'm beginning my first rehab in inner city Baltimore. I've read a lot of very useful information about shoring up rentals pre-tenant occupancy and during turnovers. I'd LOVE to hear what very specific fixtures peopl...
Account Closed
Business or Personal Credit Card?
So I have created a DBA and signing up for a Chase Business Checking Account to organize money flow and make filing taxes easier. My question now, if there was an expense/repair that I need to pay, should I use my per...
Jeff Davis
When do I need a REI-focused CPA
Hey community - Struggling with when we need to bring on a CPA who is REI-focused. Our current CPA has done our taxes for several years (W2 and small business income) and we believe they've done a good job. We purchas...
Samuel Kowalsky
Depreciation vs expenses percentages - rental use
As I work through some of the IRS worksheets, I am wondering whether it is normal that there is a difference in the fraction of depreciation one takes on a rental property that was only rented for part of the year, an...
Shawn D.
Tax questions. Rental property and buying a truck
I need/want a pickup truck and was wondering if I would be able to write it off as an expense for the rental property. I own a 2 family and would use it mostly for work around the house. I would like to mention I li...