Pete Harper
Seller reluctant to share financials
The seller for a 12 unit complex I’m looking at has been refusing to provide detailed financials. They sent a flier with high level figures but the numbers don’t look right. This is student housing and sell says the m...
Scott Stahr
Short term rentals affect on getting a new primary residence
My wife are I are looking into purchasing our first short term rental to use as a vacation home and rent out when we're not there. We are also looking to move into a new primary residence sometime in the near future ...
Rick Jones
How to write off general business expenses with several rentals?
Hi All,So might be a stupid question but here goes... What is the best way to categorize expenses that are for your overall business operation when you have several properties? For example say I purchase a printer, st...
Shawn Moore
IRS Tax Write Offs
Hello All,The right to redeem a property I purchased ended 9.3.15. I have served all interested parties and advertised the barment. My tax deed covered 2009-2013. I just recently paid 2014&15 back taxes.My plan is...
Whitney Leighton
Mortgage Points on Owner-Occupied Multiplex
Hi all,The end of 2023 we purchased a 4-plex with $12224 in discount points on the mortgage. Three of the 1-BR units are rented out and the one 2-BR unit is our primary residence. It is my understanding that for a ren...
Scott Bartlett
Baseboard Heater Depreciation Schedule?
The life expectancy of electric baseboard heaters is about 10-15 years, but according to the IRS Depreciation schedule, would electric baseboard heaters qualify as a "furnace" and have to be depreciated over 27.5 y...
William Coet
How To Confirm Past AirBnB Occupancy and Performance
When analysing an Airbnb property how can I confirm the owners claims of past occupancy? Does Air bnb offer the info?
Thank you
Winston A.
Can I deduct PMI Insurance (on my 1098) for 2011?
I own a duplex rental property in which I live on 1 of the floors?
I am married, and our AGI is $125,000.
Can I deduct half the PMI insurance paid on our monthly mortgage on Schedule E? Or is our AGI too high?
T...
Manco Snead
Student with One Property: Need to File Taxes?
Greetings folks,I'd appreciate any feedback regarding this question: I am currently a student and not working; my only income is some cashflow from the one rental property I own. I just filed my 2017 taxes, but it had...
Johnny Situ
Do I need an LLC to file tax deductions on real estate expenses?
Hi BP folks, I am looking for some professional advices for tax deductions on real estate investing. Right now I am hiring my father as a handy man, so in order for me to deduct those expenses do I need to have an LLC...