Hi BP Community,I have a question regarding cash out financing. I'm in the process of looking for my first investment property and plan on using cash out financing on my existing primary residential home mortgage to ...
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Hello,My rental has a fireplace and when it rains, the tenants notice signs of moisture by the tiles (it darkens). Nothing on the walls, nothing in any other place, just there. Is this something the insurance will cov...
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I am about to start house hacking a 3 bedroom, 2 bath SFH in the Kansas City, MO area.Has anyone who has a lot of experience with house hacking created a sheet or cheat sheet that shows what is allowed as far as deduc...
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Bookkeeping is not a sexy topic to discuss, unless you're an accountant, but having great bookkeeping provides some huge benefits: Tracking Key Performance Indicators (KPIs) to boost profitability or keep more cash in...
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Does this make sense? Do you deduct repairs and closing costs after the 65%.100000- 65%65000.00-3500. closing costs-5000. repairs= 56,500 * should be your offer
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Does Cozy provide a printable receipt for tenants? I’m sure it does, but I want to make sure. I’m trying to decide if I should still provide a hand written receipt for paid rent.
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Doh! Should say exit, not ecot. Stupid fingers/phone. I asked this question in a different way a while ago but wanted to try again now that I have TurboTax forms fresh in my brain - if you have, say ($100k) of Suspen...
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- When your tenant moves out, How do you handle giving the deposit back?- Do you have a move out checklist and then just deduct?
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Hi all!
I've been really immersing myself in the forums and literature available on BP. One thing I'm focusing on right now is tax minimization. I read the BP book on tax strategies for the savvy real estate investor...
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I just purchased my first three family home in Massachusetts. What are some common and over looked tax deductions/rebates I should be aware of come tax season? Just want to get my stuff in line to make sure I take ful...