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. ...
Wondering if someone knows the answer to these tax questions... perhaps @Steven Hamilton II ?If you use a line of credit to finance the purchase of a rental property (not a HELOC), I know the interest is tax deductibl...
has anyone had success claiming a home office deduction in an s corp? I have only a couple of properties generating income and I think I can offset most of my income if I do it properly.
I am running into a problem finding this number.Let's say my property converted from personal to rental in June. I cancelled the regular home owner insurance around June, to purchased a new policy that is rental insu...
I'm about to enter into a 100% seller financed loan and I'm wondering how I need to handle everything to ensure I can still write off the interest on the mortgage note and take advantage of all the other tax deductio...
Hi Guys,I thought I remembered hearing that if you purchase a laptop that will be used for investing, that you can write this off as a tax deduction as long as it is used primarily for investing purposes. I have jus...