We recently closed on our first rental property and I'm trying to keep everything organized for our tax professional next January.  Which of the following can be written off?  1. Pre-purchase - Home inspection and app...

I have never been a big fan of 401k and retirement accounts in general that are invested in mutual funds. I have always thought of it as a "life deferral plan", you put money in, that is money that is lost from your l...

So, a friend and I are about to take our first dip into real estate investing.  I have searched for an answer to this, but can't seem to locate anything on point.  Also, this is my first post so if this isn't appropri...

Quick question for the tax professionals :)

From the collected rent on my duplex (June), I've allowed the property manager to hold $500 as reserves for future expenses/improvements etc.

Hypothetically (because I'm ...

AllI have a rental home in Folsom that I recently started using a PM for. The rent is 2095 but only cashflows about 100$ PM as i have  a 15 year mortgage. I have an equity of 250K plus in the home now, so I am ok that...

I am currently in the process of acquiring my first investment property with a 2 car detached garage in Compton, CA with an FHA loan, and my realtor actually mentioned something about an ADU grant program giving up to...

Hi,We sold our primary home in NY last year (2022) which myself and my parents were listed as owners on deed. The structure of ownership stated that I owned 80%, my mother owned 10% and my father owned 10%. After the ...

Hi there I recently came up on this website after trying to find answers to my biggest question, should I rent my house and buy another house or sell my house and then buy another. I am affraid of renting my house bec...

Hi everyone I'm interested in doing wholesaling in Lancaster County but not sure what are the rules or if its legal in PA. I currently live in Ohio and the rules here are a bit different when it comes to marketing the...

I am selling a SFR rental property I have owned since 2008 and will realize a nice gain. All proceeds will go back into a new deal/s. Trying to decide if I should use a 1031 exchange, or take the tax hit and have cash...