Paul C.
Interest deduction for line of credit
Wondering if someone knows the answer to these tax questions... perhaps @Steven Hamilton II ?If you use a line of credit to finance the purchase of a rental property (not a HELOC), I know the interest is tax deductibl...
Dave Charron
who stages their flips?
Who does or does not stage their flips when listing them for sale? I have not been staging them but am wondering if I should be? Please give your opinion-And for you who do stage, any tips on where to get the furnit...
Aaron Peterson
Should I require renters insurance from tenants?
Is it wise to require my single family home tenant to carry renters insurance? If so, why?
Fred Stevenson
Allowable tax deductions
I'm an active investor, but I don't qualify as a professional REI. I'm trying to understand what types of business related expenses I can deduct. I have created an LLC that I will be using to buy my investment prope...
Marlen Weber
How Cost Segregation Can Save You Money on Your Taxes
Check out how Slocomb was able to save money on taxes. Thank you, Theo Hicks for sharing this blog post with us.
Through cost segregation, you may be able to save thousands of dollars on your annual tax bill. If you ...
Account Closed
AC Repair Parts
Where are you guys getting your repair parts for heat pumps?
I ordered a contactor from Expert Appliance, and it's been 3 weeks, and still no part, and I can't get any response to my inquiries. 3 weeks is a long tim...
Scott R.
Passive income negative, do I even bother rental income taxes?
Properties generated $110K last year, I stopped at $120K losses before even going into expenses. I don't want to dig through expenses and itemize all that crap since I'm already at no income. So do I even need to file...
Rodrigo Barreiro Pujol
Getting started with hard money
I am looking to get my first property using a BRRRR strategy to profit on my first rental and then grow from there. I want to use a hard money loan with 100% financing and find a good property to rehab and cash out re...
Steve Sanderson
Ordinary vs Capital Losses
I'm currently reading The Book on Tax Strategies for the Savvy Real Estate Investor and reached the section about real estate losses. They mention that real estate losses are often times mistaken as a capital loss. In...
Account Closed
Do we really get tax benefit for rental property?
Lets assume a Scenario: A new investor who invests $150K on a first rental property. No other retal or home mortgages.
IRS: US govt already allows a "Standard Deduction" of S24,400 (Married joint filing). The other o...