Hey fellow real estate investors!!I'm new to BiggerPockets. I've been listening to the podcast for a few years but just now joining the community. Disappointed I didn't get online and get active earlier!! I love how m...
BP Forum,This question pertains to deducting my home renovations for renting a room and renting the house a year from now. I live in a 1300 square foot, 3 bed, 2 bath house. I moved in March 2017 and have updated all ...
Hi BP,We are looking to do a cash out refinance of our primary residence (no outstanding mortgage). Half of it will be to convert our garage to a granny flat for STR. My understanding is that the tax treatment is the ...
I am a new real estate investor. I am starting to look at taxes and have a question about Schedule E. I have some expenses that I have incurred this year that do not coincide with a single house that I am still hopi...
I wanted to buy an investment property for rental. my payments on my primary residence will hit the limit for mortgage interest and property tax deduction under the proposed GOP tax plan.But as I recall doing my taxes...
Real estate can be a rewarding investment, but it also comes with various financial responsibilities, including taxes. Fortunately, there are several tax-saving strategies that property owners can utilize to maximize ...
I’ve been a lurker for a little while now. Listening to podcasts, reading and suffering from a case of analysis paralysis. Ready to start actually acting and curious how it works with expenses I incur prior to purchas...
Do yal pay a higher deductible for a better rate on insurance and what rates and deductibles are yal paying? I am trying to shop around and see what would be the best insurance quotes. Thanks for the help.
(Sorry for the horrible formatting, don't know why bullet lists don't show up.)I just want to make sure I understand how the mortgages are traced, from what I've read online and from biggerpockets forums. When I buy a...
Curious of what everyone is electing their SFR deductibles to be? My thought was the higher the better to maximize cash flow. I have been keeping them between $9,000 to $10,000, does anyone go higher?