Yulia M.
Can I deduct those expenses?
Dear BP family,
I have a question about REI expense deductions. If I don’t yet own investment RE, but do have expenses related to looking for and acquiring RE, as well as RE educational expenses, can they be deducted...
Mason Carter
Bookeeping your income and expenses
Hello All, as I get closer and closer to my first deal (that is to say once one of my many, many offers is accepted) I am in need of some advice of good bookkeeping strategies, tools, programs, etc that you have used ...
Kevin Rollins
Mortgage vs. expenses in Analysis
I am just starting out as an investor. It seems when I run numbers on a potential deal, the month to month expenses are a bigger issue than the mortgage. What I mean is when I run numbers as Brandon Turner suggests, I...
Robert James
Partitioning expenses across multiple units
I own a duplex, live in one unit.It has two separate street addresses, but the mortgage interest, etc. is apportioned in a lump sum to the whole building.When it comes to apportioning expenses such as mortgage interes...
Saul Trejo
Roof repair expense or improvement??
Hello, I would appreciate your input on the following issue- We have a rental house in AZ in which the roof started leaking at several places. It is not that old of a home (1999) but we are told that the tiles either...
Rebecca Shine
Operating Expenses vs. Capital Expenditures
I have a couple questions around bookkeeping and taxes for rental properties. I recently had some work done in the basement of one of my multi family properties that amounted to $4300. It was really needed because w...
John T.
Rental property/ business expenses Qs
Hello BP,
We bought and rented our first investment property last year. It is in our personal name (no LLC) and we did our taxes for the first time. We were keeping track of our business expenses, particularly our ...
Adrian Fajardo
Allocating expenses in bank accounts
Hello BP community! I'm very excited to be here and always happy to accept any tips from anyone. I'm still on the early stages of my investing journey and I ran into this question while studying. When I do get a prope...
Jim S.
Deducting expenses from failed purchase
I recently had a deal fall through as a result of major inspection issues. I had already requested an appraisal + loan application fee + was using an attorney so overall I'll be ~$2k in the hole.I'm fine with that, be...
David Dick
Mortgage Interest and Depreciation Expenses
My wife and I have decided to try being landlords (it's something we've discussed many times and now have an opportunity to get our feet wet). We just purchased a new home for ourselves using a HELOC on what will beco...