BP friends,Just want to get your take on things: I am fairly meticulous when it comes to record keeping (or at least record keeping catch up around tax time) and still find myself looking at a better deduction using s...
Hi, I’m in a position where I’m considering a cash-flowing industrial property as an owner occupied investment. The owner wants a portion of the earnest money deemed non-refundable. ($15k)My question is as follows:If ...
Hello. My fiance has a house in her name that she would like to rent out in the near future. I've read about transferring to an LLC but most of the conversations deal with liability and not tax, which is my primary co...
Hello,If I were to travel somewhere to look at investment properties (would be my first), how would I go about deducting this travel from my taxes since I don’t actually own a property yet?
Hello all. I'm looking into purchasing our 3rd rental property and hoping to get some help specifically around the best way to maximize deductions. Since I'm not able to deduct our initial deposit on our investment lo...
I was curious what level of deductible people recommend for rental properties? Was looking at re-quoting my places in Georgia and any recommendations for great agents that are used to having 3-6 properties would be h...
Hello BP community, I would like to gather some information that I have a hard time finding online. First, I will share my situation and story. I am 21 years old and just bought my first investment property in Septemb...
I'm doing my taxes and when I plug in the numbers for my investment property it shows a passive income loss due to the taxes and interests on the mortgage. Would this hurt me if I want to get second investment propert...
We purchased a property that requires some rehab and repairs with the intent to use it as a rental. This will be under my personal name (sole proprietorship). I had originally thought, "I'll figure out the tax stuff l...
I am starting a rehab for a single family property come the beginning of June (tenants lease ends may). I am researching about section 179 of the tax code and trying to understand if this applies. The house is under m...