Barb Asay
Quicken, how to record shared expenses for rentals
Hi, I'm new here and have a question.I have 8 rental units and have been using YNAB for accounting because I LOVE it for my personal finances, but its super limited on reporting so I have decided to try Quicken. I ju...
Bruno Mauro
Pre-Rental Tax Deductions, and Military Discount?
Hello!
Reposting this because I just realized there is a section committed SPECIFICALLY to Tax Questions.
I currently have a 2BR/2BA Condo that I am house hacking, renting out the secondary bedroom and using that in...
Lisa Lanza
Inherited property in ira
if I purchase a property with no deductible Ira funds and after death my daughter inherits the Ira...will she have to pay taxes on the inheritance? Will she have to sell the property or can she keep the property and ...
Tyrell Rutledge
Tax writeoffs for the education phase investor.
I am listening to taxwrite offs for the savvy real estate investor right now and it is outstanding. I am seeing so many opportunities that I have not even thought of. At this point educational material, driving for do...
Jaimie Chen
Insurance about water damage in DFW area
Hi,I am shopping my rental property insurance and agent gave me a quote has this endorsement really confuses me: "Amendatory Endorsement water Damage" for $1000 The property is in DFW area and is covered @200k for ...
Palmira Angelova
CFBT vs. CFAT
Hi everyone,What a wonderful community! Really excited to be a member and meet other investors =)I'd love your take on how a calculation gets from CFBT to CFAT. I've found it difficult to find a good explanation of ho...
Arthur D.
W-2 and depreciation
Hi there friends.I've purchased my first property late last year. My only income was months rent Dec. So. My question is. Can I deduct my loses from my W-2. My loses would be rehabbing, utilities , etc. About $15k. I ...
Josh Heinen
St Louis single family home Insurance agent
Hi All. Im looking to start inventing in St Louis and am currently shopping around for insurance to find out what I can expect to pay on a single family home. Do you have any recommendation for an insurance broker or ...
Michelle Hardy
Where do you keep your tenants security deposits?
Hi Everyone,
Right now, I have my tenants' security deposits in separate savings account at an online bank. Is this how most people do it? If not, can you share where you keep the security deposits. Thank you in...
Elle Bindra
Bonus Depreciation Advice
Hello Bigger Pockets
community,
Need some
advice/recommendation.
I am about to
undertake two rehab projects - first one would be an Airbnb rental and the
other would have annual residential leases.
Both prope...