I have 2 rental properties. I have mortgages on each and am depreciating each. I am taking deductions for everything including travel (relatively local) and meals, plus the obvious like repairs, cleaning, etc.
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Bought first investment property as a duplex thanks to BP. Have some items if anyone in the area is doing an upscale remodel and is on a budget. I'm also looking for things to and open to networking. Mods sorry if not...
I recently bought a multifamily building and have to account for all the items in the closing documents on my accounting software.Loan Origination Fee =Appraisal Fee =Suits, lean, judgment search =Loan doc prep fee =...
I recently reviewed my taxes prepared by my CPA. I discussed with him the option of bonus depreciation. He asked for specific cost items. These included HVAC, roof, fire alarm and security system, cost of beds, furn...
Hi BP-I am a RE investor and also a tenant of a large apartment complex.I have lived in the apartment for 3 months and noticed today that A LOT of my items are covered in mold. Mainly clothes in my closet and shoes. P...
Hello everyone, i have a question about sending the list with deductions to a tenant that was evicted for having more pets than permitted. She provided an 850 security dep upon move in and a non refundable pet fee of ...
How many BPers were able to make money moves in 2018, and stay itemized with the new tax laws and higher standard deductions going into effect?What were your big moves of 2018 which made sure it would happen?
I finally have a small apartment complex under contract at a good price after a few years of trying to move up to larger units.Does anyone have a good due diligence guide?Thank you,Toben
Hi all, loking for some input. Tenants are moving at the end of the month. They have been high maintenance and overly entitled to put it mildly. They have requested to be present for the move out inspection (which i...
Hi everyone. On the Airbnb calculator on BP (which takes you to the AirDNA website) there doesn't seem to a be place to put our MORTGAGE info under the "Rentalizer" tool. It seems like the annual expense of the mort...