I had a tenant move out after 5 years and the carpets are absolutely trashed. They were brand new when they moved in. I know the IRS assumes carpets are only good for 5 years so I am thinking I should not deduct this ...

I'm owning a 4 plex in Colorado Springs (CO 80906), that's my first investment property and I'm located outside of CO state. There was a tenant eviction before Christmas time in one of my properties.  After that, my P...

Advice needed ASAP! Anyone have any recommendations on tax advice for end of year tax planning. We have a high income and paid an extra 40k in taxes last year... we are looking to find a way to avoid his this year. Th...

We just bought our second home and are going to rent our first home. Does anyone have advice on a basic North Carolina rental contract to start out with? I'm very excited to start real estate investing, I'm planning o...

Hi All, I do photography as a hobby but also use it to photograph all of my rentals (4 now) I recently bought a new camera, and I was wondering if that can be deducted entirely, part of it, or any of it. I am also pla...

Hello Fellow BP Members.  We are listing our first rental unit and wanted some feedback on the listing.  The condo will be available for rent mid january currently updating floors, paint and kitchen so pics coming soo...

Evaluating potential tenants who were upfront with us about their situation. One is the breadwinner but has terrible credit due to poor entrepreneurship decisions when younger, the other is a stay at home parent with ...

I'm working on finding and closing on my first MF deal, focusing on duplexes. I've found one that I think is a good deal, but I don't have the full picture and getting info from the current owners and tenants has been...

Hello everyone and thank you for any input you may provide. This may be a long shot and I know eventually I will need to speak with a CPA, but figured I try to learn as much as I can now.I am closing on a rental prope...

I just closed on a property and insurance sent me notice they will be inspecting exterior within 30 days.
The roof had a few leaks and the previous owner repaired them with a lot of tar! I was trying to hold off a f...