Tenant has yet to move all their stuff out, but so far while giving tours I've noticed the following (based on my before pictures compared to how things are now, I took a few pics of damage while walking through so I ...
If I do a cash-out refi on my primary home, and use the money to pay cash for a vacation home, can I deduct the entire mortgage interest? Or can I only deduct the amount that I owe on my primary home? It seems odd tha...
Hi there, need your help about tax deduction or tax benefit for rental income loss for high earn person.I have a friend whose earn is over $150k yearly with a rental condo. Due to Covid 19, she lost a few month rental...
Hi All! I purchased a condo unit about 8 years ago as a primary residence. I aggressively paid it off (while i lived there) before i made it a rental and have been renting it out for the last few years.
I was interes...
Tenant moved into a home that was built before 1978 in CA, then requested that I get it tested for lead. I ordered a lead test. Is this a deductible expense? If so, what category does it fall under? Thanks in advance.
Hi guys. Just starting reading BP's 'The Book on Tax Strategies for the Savvy Real Estate Investor'. As a real estate investor I've got a question about the owner reserve paid to the property manager when signing a ne...
I currently invest in Louisville, KY and am considering purchasing out of state in the next year. What, if any, expenses are allowed as tax deductions ie: food, travel expenses, rental car, flights? Thanks
I have a commercial lease in a building with multiple tenants. A tree (not within my leased premises) caused damage to my leased premises during a wind storm. I had previously told the landlords the tree needed att...
mentioned you can deduct mileage to your rental from your own home>
I always thought the mileage begins when you reach the rental (ie, I drive 20 miles from my primary residence to the rental and then go 1...
Hey everyone,I was reading some of @AmandaHan articles and An interesting thought came to my mind today. Let's say I have rental properties in dangerous neighborhoods or let's say some of my tenants are cash payers. ...