Luke Ostergaard
Medium Term Rental Payment and Leasing
Hey BP community!I am considering gearing my next unit towards travelling professionals and I have a couple of questions. 1. Are you all typically taking payment up front or on a month by month basis? I assume this wo...
Account Closed
tax refund on rentals claim losses? confused?
Ok quick question regarding taxes. I purchased my first rental and on my earned income i make under 25k a year as a server (don't claim enough tips), basically I am looking at purchasing Albert Aiello's tax software, ...
Dina Schmid
Buying Parents' Home - Ways to reduce costs and hassle?
Husband and I are considering buying his parents' home and I have some questions about this and would love any feedback on how to minimize hassle and our costs. We're doing this for two main reasons: 1) Prevent his da...
Nate Maier
Tax filing question
Good Afternoon,My girlfriend bought her first single family house this year in the middle of October. She renovated it over the winter months and has a lease signed starting March 1st. There were relatively signific...
Navid T.
Income Tax for Real Estate Developer
Hello Guys,Let's assume I managed to purchase a land for $ 100 k and I build a 10 unit apartment complex ( construction cost = $ 900 k), and let's say it takes me 2 years to complete the project (The ROI is 100%). The...
Shane Moss
Bummed out over Genral Plan of Improvement Rule
I just closed on my first SFR today! I've been feeling good all day until I read more about the difference between repairs and improvements. More specifically, I'm bummed out over the General Plan of Imporvement rul...
Cameron Seider
House Hacking - how do the rental taxes work?
I am 29 and looking to purchase my 1st home soon that I plan to house hack. I live just outside of DC and this is the only affordable way to buy a house in such an expensive area. I’m having a difficult time finding h...
Dustin Dadvit
Basic rental income question about 199a / QBI deduction
Okay.. I'm new but I've been reading a lot of posts. It seems everyone is trying to get their involvement in their rental income business to be "actively Participating" so they can get the QBI deduction, but I've al...
Suade Anderson
Property Manager Tax Deductions
Hi Everyone,I apologize if this is a dumb question, but please enlighten me if you'd be so kind. Why wouldn't I hire a Property Manager if that is a Tax Deductible expense? Why would I do the work myself if the cost o...
William Lackey
Business for landlord
Wife and I flipped our first property in 2020. Recently purchased a duplex and we will rent both units. What kind of business can I start to take advantage of tax deductions. My wife and I are both W2 employees and ma...