Gayleen Borden
looking for a good accountant
Hi BP community, I'm a newbie and I'm looking for a good tax person? I live in Ridgefield, Washington and I have one rental house I'm going to sell in Beaverton, Oregon. I'm not sure how to vet out a good person? Any ...
Steven Clough
Combined business use/primary residence property
Forgive me if this isn't in the correct forum!Ok BP forums, I'm in a bit of a conundrum trying to accomplish this transaction. Bear with me as I do my best to outline what's up.My family and I are trying to relocate f...
Stanley Hendratna
Rental tax deduction
I started STR last year (my first investment property) while working W-2 job. Is it true that I cannot claim loss from the rental property if my income is above 150k (married filing jointly)?
Brian Dotzler
Can I deduct a new truck expense?
I currently have one rental....a townhouse with a small yard. I personally mow the grass and do the yard maintenance twice a month. Takes about 30 min. I use my own car to haul the lawn mower (and yard tools) each ...
Ethan Cole
What all qualifies for a 1031 Exchange?
My partners are currently in a situation where they have cash they need to spend by the end of the year from a previous partnership of theirs that was dissolved. Our question is do they have to spend the money on the ...
Neil Krech
Record Keeping For Rentals
Is there a software/spreadsheet people are using to keep track of rental income and expenses? I have four doors now, but in the process of adding three more. I can see it getting confusing the more doors that are adde...
Santosh Bobbili
Is HELOC interest tax deductible?
Hello Everyone, I recently bought a rental property using HELOC from my primary residence as a down payment. Is the interest paid on HELOC tax deductible? Appreciate your response.Thanks,Sai
Thomas Staub
HELP! Looking for top notch, wealth planning tax strategy firm
I have been talking to Tom Wheelright's firm, WealthAbility, and the cost is $15K to get started which is expensive and the agreement they make you sign is 100% one sided basically giving you no protection the product...
Adam Hans
Convert primary residence to rental
Hello all,I bought a house for $300k and lived there for 4 years. During the time, I bought about $5k for tools and materials (with receipts) and upgraded the house myself (that would cost $20k if hiring contractor). ...
Adam Taha
Cap rates in Orlando/Mt. Dora/Eustis areas
Hi guys,
I am an Orlando native who has been looking to get into investing in the Orlando market for the last 10 months and have put a few offers but have not found success. I am a CPA (licensed in GA) and my day job...