Devin Keener
How does the $150k AGI rule work for real estate tax deductions against w-2 income?
I'm new to real estate investing and own one rental and a primary residence. I recently found out about the separation between passive and active incomes and that there are rules about crossing the line on how you can...
Lenna Groudan
No Title yet and Option Period about to Expire - Earnest Money Question in Texas
Hi All, I expect this is pretty rudimentary to the realtors but we want to make sure we understand our alternatives.We have a closing on an investment property scheduled on Monday the 17th of August. Our option per...
Sal Zafar
Which is better Lowes or Home Depot
Hi wanted to ask if there is any preference for major rehab - which one is better Lowes or Home depot. Spending about $10k for small rehab. Or, is there any other place where we can get cost effective materials. Thank...
Molly Turner
MN tenant possessions/move-out question
I'm purchasing a rental property and the current tenant's lease will be done on the day of closing. They are already out and have left some items in the house. As the new owner of the property (same day the current ...
Robert Stearns
CAPEX vs. OPEX - Appliances
I recently purchased new appliances for one of my rental units. Can I include the purchase in my operating expenses all in one year, or do I have to expense them over 5 or 7 years? Thanks!
Account Closed
Do i have to buy furnitures when i rent a house?
If im im going to rent a house, do i have to buy things like Sofas,Table,Microwave,Blanket,Chairs,Tv,Washing machine,Etc?
David Tran
What to look for when evaluating a property?
I was wondering about the most important things to look at when evaluating a residentital investment property. I was trying to narrow it down to 10 or so items. I have the following, does anyone think I am missing any...
Jason Riddle
Renovating a Property
Against everyone's advice, I decided to do some renovations in San Antonio while living out-of-state in San Francisco. Now that I have some battle scars from this good learning experience, I have some questions
1) As...
Jennifer Robinette
How detailed estimate should I ask from the contractors?
Hello everyone, I am a real estate investor and recently joined BP. I have been an investor for years but I have been very passive! :) Recently my husband and I decided to take the rental business to the next level. W...
Roy Mitle
filling out schE for the 1st time
This is my 1st time with 1040 and rental.a) Is it possible to list the closing costs under any expense item - eg. commission. I bought the house so technically didn't pay any agent. I also took a no-point loan but I s...