Is using a property manager something that can be written off at tax time?
Panic! Landlords Cannot Take New Pass-Thru Deduction! NOT.The IRS just came out with proposed regulations on the awesome new Pass-Thru Ded...
Hello BP Members. Question: when you purchase a property "Subject to the Mortgage" and you get a Mortgage Interest Statement from the Bank (1098) at the end of the year, How is the interest paid the lender accounted f...
If I'm using the standard mileage rate for 2017, can I also claim my business use percentage for my auto loan interest? My accountant says no, but I've read in books that you can still claim auto loan interest in add...
Hello, I'm a newbie in this site and real estate investing. I have a question for all you professional investors. I want to know the best way to setup my company in order to make the most money and pay less taxes. I h...
I just sat through a seminar hoping to find clear answers to the following, but didn't:Are closing costs associated with a cash-out refinance on my primary residence deductible in whole or in part for tax purposes? T...
My fiance and I purchased our first true Real Estate investment in January 2016. Even though this is technically the 3rd home I have purchased, this one is what we are considering our first true investment property. W...
“How can you use real estate to build wealth? Most people don’t know it, but owning real estate can be a major step forward in creating and maintaining your personal wealth. You only have to know how to master the ar...
Hello all,For the new year I wanted to organize my finances and maximize profits. I am currently reading Tax Free Wealth by Tom Wheelwright. Here is the situation: I own 2 properties in my personal name, but collect r...
If a landlord is receiving income from the rental of a dwelling unit, there are rental expenses they may deduct on their tax return. These deductions apply to mortgage interest, property taxes, operating expenses, dep...