I contacted a recommended mortgage banker at Bank of America.  I shared with her that my goal was to purchase my first buy and hold property within a year using Conventional financing, and then within 2-3 years, my fa...

Hi,Just watched the latest BP podcast about cost segs and it got me thinking....What happens after depreciation runs out on your property?  So as I understand it, repairs/maintenance is fully deductible the same year ...

Hi All,I'm doing taxes for 2016 and we have an owner occupied duplex that we lived in all last year (we bought Aug '15).Now I know people that are responding probably aren't going to be certified accountants blah blah...

I am trying to understand how depreciation is calculated with respect to improvements. Please correct me if I am wrong, but my understanding is lets say I have a property I purchased at 200k. Lets say 50k is the value...

When doing the brrrr method can you write off your rehab cost on your taxes

Hello Everyone,

I'm trying to figure out the best move on a rental property that is currently yielding a negative cashflow of $200.00 per month.

I bought the home (before the crash in 06') in NC when I was in the mi...

As a new landlord, I wanted to ask the veterans on tax deductions for expenses I incur on the rental property.things like: Bathroom Remodeling expenses made by me.. (or by contractor), plumbing expenses for unclogging...

Hey all,I purchased my first property this year (duplex) and the current lease which was in place before the purchase is coming to an end. I plan to raise the rents and implement a new lease. I just want to make sure ...

Im looking at buying a SFR home as an investment. If I buy a home that needs significant repair, what can I deduct and is there a limit?

Good morning everyone! I want to start by saying thank you to this amazing community! I really hope we can get some advice on our tax situation.In 2020, we only had 1 rental at the time, but an investor in the area wa...