I figured it was a good time to post here, since I had a conversation last week with yet another new investor client who got bad advice from their previous insurance agent. Most people don't know that your typical ins...

Can someone who has experience with a 1031 exchange give me some details on the rules and process?  I've read/heard conflicting information.  Here's my specific questions:  What is considered taxable income?  Example:...

This Summer we personally replaced the deck boards and railings on one of the decks. The structure ( posts, joists, etc) were ok but the old deck boards were bad and it was time to replace them. It cost us about $1500...

We just completed taxes for 2020 and with cost segregation study for one property we were able to write off $640k in depreciation for 2020. We paid $1.97M for this property and closed in 4th Qtr 2020. With our structu...

I'm not really sure which forum this should be in. But my question is, how do tax write offs work as far as repairs and upgrades are concerned? I have read and heard some people say any repair and/or upgrade you pe...

guysi'm sorry for posting here but this forum is all I have access to. I am a 1st time homeowner and am looking to understand the diff between HO2 and HO3. I'm in NYC and not in a flood zone at all. The difference bet...

I have a SFH in Milwaukee.  My lease agreement very clearly states that tenants are not to trim or remove any landscaping (trees/bushes mostly).  So my tenants had to go (repeated late rent) and when I got 'home' to s...

I am new to investing I have one rental property that I rent to my business ( lease back). I want to purchase a new property for this purpose and turn that property into  a short term rental.  I own a small business a...

Hi guys & gals. House hacking represents a unique tax scenario. I'm not sure a cookie-cutter tax professional from the big box stores will do.Any tips on finding a tax preparer who is house hack knowledgeable? Spe...

Can a landlord deduct lawyer fees and eviction filing fees from tenant's security deposit? In our case, the tenants gave notice that they wanted to break the lease and stay another 60 days while using the last month a...