When rehabbing a property, at what point do the expenses become tax deduction? I realize that it will raise your basis, which will effectively reduce your tax burden when you sell.


Here...

I recently read Rich Weese's blog, which had a very interesting post about taxes being one of the greatest wealth eliminators. I completely agree with Rich, and thought some of his deductions were very creative. I thi...

I was a renter and just ended my house lease as per our agreement, no unpaid rent or utility bills. I left out of town for work and had no walk in inspection or any other questions from my landlord. several days later...

I have a question for anyone who experience in this. I am small real estate investor, done couple flips and have couple rentals. I have bought a new property for myself and family to live, the property comes with a la...

Hello, my first tenants just moved out. I'm located in California and I'm not sure what I can deduct from their security deposit. Can you guys take a look at my pictures and let me know if this is normal "wear and tea...

Am I able to deduct monthly late fee/charge from security deposit due to fact that a tenant was consistently late paying? thanks

Well, will all of you be saving receipts and claiming this trip? If so, what is dedutoble. This is my first business trip (newbie) I know!

So excited!

I am getting a cash out refinance mortgage on one of my rentals and will be using the cash to rehab another property to rent out. As I understand it, the appraisal fee and some other closing costs are not immediately ...

Hello All! November 2020 was my introduction to the world of real estate investing.  I purchased some startup equipment and educational materials (dedicated laptop, BiggerPockets subscription, a few webinars) and a ha...

My current deductibles are $5000 in order to keep costs down. I have 4 C class homes worth 100k each that cost more than 100% more than a 3 year old home in a B class in different county. Any thoughts. Thanks