Hey there, might be a dumb question but when we talk to the seller about earnest money and they agree to $10 to make the contract valid, do we give them directly or give the title company the money? I always heard you...

When tenant moved out, one kitchen cabinet was chipped - please see pic. Only cost $10 to repair, should it be added to security deposit deductions or is it wear and tear item? Property is in NJ.

Hello,
     I'm a real estate investor in Columbus, Ohio. Some of my tenants' lease is about to expire and I am not resigning with them. They have an outstanding water bill and their previous landlord had to take the...

Hello,Anyone have any experience with the IRS re: a fix and flip into seller financed note carrying business model?  I know that the occasional selling of a personal residence or long-term rental qualifies for install...

I purchase a rainbow vacuum cleaner earlier this year (february) and won’t close on a property until mid November. Am I still able to write this off as an expense?

I own income property in California. I’ve refinanced property in the past and was able to write off the interest.  What are the tax consequences in today’s environment?  Is it worth refinancing?

Hi BPers,Does anyone know a CPA they would recommend that specializes in the real estate area, and specifically knows how to get the maximum deductions for a BRRR (BUY-REHAB-RENT-REPEAT) project? I did my first BRRR t...

Hi everyone I just closed on 2 - 4plex today. The sellers wrote a check out to me for some minor repairs that I'm going to take care of. Just wondering how I would account for that in quickbooks. Thanks in advance.

Does anyone know if there is a list of expected % percentages of expenses for property rentals? 

Hi all, I'm doing a two family house hack in NYC. I closed the property on November 2019. Can I deduct the full first year depreciation? Thank you for your feedback.