Hello folks!Can someone tell me if I am thinking of depreciation and write-offs in the correct manner for rental properties? I was trying to envision a scenario where someone could potentially have (close to) $0 tax l...
i have read as many threads as i can and have some of my questions answered, but please chime in with your thoughts.
i bought 2 srh's in 2012. one was rented out and the other i bought in Decemeber and wasnt finished ...
I'm not really sure which forum this should be in. But my question is, how do tax write offs work as far as repairs and upgrades are concerned? I have read and heard some people say any repair and/or upgrade you pe...
I am currently under contract on my first short term rental in South Georgia (Where I live). It’s a 2,200 square foot 3 bed 2 bath, 1920s historical home in a great location. When we did our first walk through I could...
A friend and myself have decided it's time to start buying properties due to the fact my local market is in a bottom market and interest rates are so low, it's practically free money. I feel in my market it's best to...
View reportHi everyone. I'd greatly appreciate your advice and ideas. I'm wondering what a good purchase price would be on this duplex along w/feedback on my numbers/ideas/red flags/etc. The final numbers don't look g...
This year I replaced two HVAC systems. I know this is tax deductible, but I'm wondering if I would claim the entire deduction on my 2022 taxes or is this something I spread out over a few years?
Hello! Hopefully I am in the right area for this question. I recently got into REI and have 2 fourplexes which cashflow pretty well. I am looking into picking up another property, but have a crippling $668 truck payme...
Im looking to move out this year and house hack my first property I’m 24 debt free still living with my parents . With the money from my savings and stocks I have about 100k . I know LA is expensive so I’m not really ...
Hi, I am seeing two 3 unit buildings on Saturday in Irving Park (Chicago) and I wanted to get your guys thoughts on these numbers. Both are 3 unit buildings and it seems like they both cash flow pretty well. Property ...