My buddy is considering buying a duplex, living in half, and renting the other half.
Would he be able to deduct all the interest paid on his mortgage, or only half because the other half is a rental?
Thanks in adva...
So I was watching BP podcast 162 with Amanda Han. My question is can use the I claim my travel expenses to Hawaii based on a planned timeshare meeting? Does timeshare meeting counts as real estate investing?
Hello,I have a fairly high AGI and am wondering if there is an income cap for taking the mortgage interest deduction and depreciation on any rental properties I may buy in the future. I hunted around, and I don't bel...
Greetings fellow investors,I am close to get into my first property and I am wondering about the following.We are all aware that the interest paid on the mortgage is tax deductible but ......A) Does the deduction rela...
Hi everyone, happy new year. Fiancé and I are heading up to Vermont for 2 nights to look at some potential investment property. Not sure if we would treat it as a "rental" or a "vacation home" or "business", but we wo...
I have a renter who decided to pay himself the rent value for helping to fix a plumbing leak.
My father took a few guys with him to work on the piping and wall plastering on one of the houses. The tenant of that res...
I'm in the process of combining 5 of my investment properties (currently individually mortgaged) into a portfolio loan. Is the interest paid on this new portfolio loan deductible just the same as the mortgage interes...
My wife and I live in a Seattle in a neighborhood that allows for free standing studio and apartment rentals. Our home has both a 3 car parking pad AND a completely separate oversized 2 car garage (~600 square feet)....
My friend owns a rental unit in downtown Chicago. All 300 condos will need new exterior door, the original contractor used the wrong -cheap- type and now they all need to be replaced including the frame. If one repla...
Hi, got an extension of filing since getting bogged down with details. I have two residences I airbnb out (whole house) when not there. My expenses far exceed my income and so I'm getting limited on many expenses. Can...