If I take equity out of my primary residence by doing a cash out refi, and that equity is used to buy a rental property, is the mortgage interest deductible? Everything I've looked at seems to point to it only being a...

Hello all:When a security deposit is received on a new long-term rental lease, I categorize that in my accounting system as "deposit", separate from rent. It isn't income, doesn't show as a gain, etc. When that same t...

Hi all,I'm purchasing an investment property next month (December) (2 units). I want to maximize my tax savings when I file my taxes next April, so I was wondering what I should do til the end of 2022 to maximize my t...

We recently had several Menards home improvement stores open in my area and they are awesome! I tend to get business items there for about the same price as anywhere else, but if you time their ads, they send you reba...

Hi Everyone,We bought rental property in Hayward and got into lease agreement with Tenants few months back. Lease is annual and it ends after 9 months. Now we are thinking of Selling that property because we are think...

Purchase price: 175KRehab: 150KARV: 450K (conservative; median prices in the area are closer to 485K)125K spread looks great, right? I think so, but then I think about the cash I have to put in, which is probably arou...

Hello all,
Reading through the forums and am learning a lot.  Seeing if anybody has any out of the box advice
Bought my first house 12 years ago for $398k, fixed it up and sold it last year for 1.225 mil.  It was my...

David Greene mentioned a DSR loan in one of his recent youtube videos which I've never heard of. If I understood it correctly-it's simply a loan that does not use your W2 to qualify but the lender would look at the pr...

I'm trying to understand the tax implications of investing in discounted real estate notes. I've heard a couple of differing opinions about how to calculate what is taxable income, but I'm curious to hear from some CP...

My husband and I are trying to decide whether or not to pay off our first (and only) STR in Palm Desert. We bought a 1 bedroom condo in July 2024. November has been our only cash flowing month (barely), but we anticpa...