Jammie Martin
Renter curious about tearing up carpets (question for landlords)
Hello I just moved into a rental house a couple months ago and have signed a year lease with likely potential to stay longer. I enjoy at home projects and have the spare time to do so in between my career. The home is...
Account Closed
costs and timelines for land development in LA
Hello all! I am helping my architect brother raise private funds from family to start developing vacant lots into new single family homes that he will designm. The target area is north eastern Los Angeles and its su...
Erik Kubec
$5,000 Start up expense deduction for rental?
I may just need to hire a tax pro for this question... pm me if you are taking on clients.
My wife and have purchased 3 rental properties which I actively manage. (I do the repairs on all of them, collect rent on o...
Grace Thorstad
First Investment - SFR
Investment Info:
Single-family residence buy & hold investment in Nashville.
Purchase price: $295,000
First purchase; originally intended to be owner-occupied but ended up changing plans to stay in C...
Drake Hamilton
Solar Tax Credit Question - Can I include solar in tax for 2021?
Hello, I am deciding to go solar primarily for the federal tax credit and have a question:
If I sign all the paperwork to get solar installed NOW before the year ends, but it isn't actually installed and running unti...
Justin Pumpr
Owner occupied duplex tax deductions
hi all,I'm on the cusp of buying my first ever property and it will be an owner occupied duplex. I'm trying to navigate the maze of tax deductions and was hoping to get clarification/confirmation on a few things:I can...
Andrew Harrell
Investing in La Porte, Indiana
Investment Info:
Other commercial investment investment in La Porte.
Purchase price: $78,000
Cash invested: $25,000
Property offered at $95,000 and purchased at $78,000. When bought the use was a sin...
Lori Sullivan
IRS deduction rules around STR purchase to listing
I am having a hard time finding if IRS has rules if there is a time limit (purchase to in service date) on what can be deducted.
Scenario - STR home purchased in August 2023. working on home to set up for STR Augu...
Mary B.
Business in a Box
Has / does anyone of the BP members or someone you know use / used it? Just wanted to get some opinions before I purchase the software. Its seems like a good buy that would assist REIs in all aspects of the busine...
Justin Bailey
Heloc down payment vs capital gains tax
So 2 years ago I used a HELOC from my personal home to purchase the 20% down a rental property. I was looking into selling the rental property but would need to use the capital gains to payoff the 20% down. Does the h...