Looking for guidance for how to handle rental income on my tax return this year:
1. Rented a room in my town home to a friend from May 2021 to December 2021. I live there as well.2. Made around $3k in rental income (...
I am planning to invest in Mobil home park and have found the deal . I am trying to analyze the deal and looking for feedback if there is any tool here in BP or website where I can analyze the deal if this is good or ...
Here is a deal that I currently have under contract. I would love to hear your thoughts. Lots - 89 lotsOccupied - 57 lotsPOH - 0 (9 will be kept under a master lease with seller and will pay lot rent)Vacant lots- 32Ut...
I love this site. I am buying my first Property, a duplex considerbly
under market value. Both units are currently rented although not for as much as they should be, and they are on month to month instead of a lease....
Hi everyone, I have a rental property under a single member LLC, so I filled schedule E this year. Hoping to get more clarification/ideas how this travel expense might be deductible:Meeting with a CPA in another state...
Greetings! I am transitioning out of the military and will be moving to North Carolina with my girlfriend in May. I’m really excited but we are having a difficult time narrowing down our focus on a specific area..Is t...
Hi, I’m an Interior Designer and I own a residential and commercial paint company in Atlanta. I am truly passionate about becoming a real estate investor for short terms and fixer uppers. Any advice on how to start? A...
Hi all! First time pursuing a rental property and looking for input from people more seasoned than I am! Our Denver home has appreciated $175-200k in value since we purchased it 4 years ago (for $410k), and we are loo...
Hi Everyone, my name is Leo, I have been a member of BP for over 7 years and now I want to pull the trigger. I am looking to BRRRR long-distance because my NYC market is too expensive for me. Do you guys have any sugg...
As a property manager, it's not uncommon to encounter situations where a tenant begins to incur additional expenses rapidly. Whether it's due to changes in personal circumstances or unforeseen issues, addressing these...