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Results (5526)
Eric Yu Used HELOC from Main house to buy first rental property.
4 December 2018 | 9 replies

Hello BP community!I recently used HELOC from my residence to purchase a rental house. Seller accept offer at 10/20, but it looks closing date will after 1/1/2019.  Obviously, HELOC interest start from Nov., there are...

Julio Gonzalez Historic Tax Credit FAQs
18 October 2022 | 2 replies

When rehabilitating or investing in the rehabilitation of an eligible historic or non-historic building, you may be able to take advantage of one or both of the historic tax credits: 1) Historic Tax Incentives and 2) ...

Michael Plaks Refinanced interest - is it tax-deductible?
28 October 2018 | 10 replies

This post is meant for my accounting colleagues - an invitation to debate, basically.Let's consider scenarios.1. (clear) You buy a rental with a $100k loan. Two years later, you refi into a new $100k loan with better ...

Marcel Lorincz Taking out HELOC on Prim. Residence to buy Inv. Property
13 March 2019 | 4 replies

Hello,I know there were similar questions already asked, but I would like to ask this specifically:1/ Can use HELOC from my primary residence to buy an investment property and be able to deduct HELOC interest as busin...

Account Closed Am I doing the tax math correctly?
20 June 2015 | 7 replies

Hi All,I want to confirm if I understand tax implications of a rental property correctly.  The biggest confusion point for me is if rental income is taxed on gross income or net income (I think it's gross?)Here's an e...

Nick McBride Expenses and cash on cash return
20 October 2018 | 3 replies

Hello,I am starting my quest into investing and renting multi-family units. I wanted to get your opinion on expenditures. I know I need to compensate for electric, water/sewer, property tax, garbage, vacancy %, repair...

Matt Gravil [Calc Review] Help me analyze this deal.
21 January 2023 | 4 replies

View report
*This link comes directly from our calculators, based on information input by the member who posted.

Chris T. Profit and Loss Statement
25 July 2017 | 2 replies

This is a general question for those with more accounting experience.I am trying to build a "rental resume" before sitting down with local banks and I am wanting to include a profit and loss summary for each of my ren...

Chris Wilson Properly accounting for extraordinary capital expense
10 October 2020 | 4 replies

I am hoping for feedback on how to best represent a major capital expense for a small apartment unit in terms of it's performance. The overall expense will be somewhere around 150K. That would include the decision to ...