Our primary residence is 100% under my wife's name. Would the interest be tax deductible if she pulls equity out via line of credit or 2nd mortgage then provides me with a personal loan with a set interest rate? If ...
I have had contradicting advice regarding a loan we are contemplating so please help me!! We are considering taking out a commercial loan on a rental property we own in our own names and to use the funds for other RE ...
I own an insurance agency and over the last 13 months I have bought, rehabbed, and rented 5 SFR’s... I actively manage the properties and I run them like a business. I meet/screen prospective tenants, I cut grass, pai...
Has anyone ever used this deduction in a reno? It qualifies to make your property handicap accessible. Could I add / reno a bathroom that is accessible even if I don't ultimately rent to a handicapped person? 36.304...
I'm currently purchasing an investment portfolio of 31 properties all cash. I'll be doing delayed financing on 6 of them post-close (within the first 2 months). Will the IRS see this as purchase money and will the mor...
Looking for some advise on what and how much is realistic to deduct from a renters security deposit for a few items below or am I being nit picky??? I do want to preface this... I inherited the tenant and I didnt do a...
I apologize as this may be a dumb question but I’m a complete new to REI. We bought our first duplex in August and are owner occupying at the moment. We haven’t done our taxes yet but heading to a CPA in the next week...
So my renant, who I eveicted after 18 months, left a hole in the wall, walls filthy with child drawings (painted right before move in and unable to rent without extensive cleaning or painting), yellow dirty tub (which...
I'd like to know if anyone (especially any EA or CPA) might have experience here. I'm finding that property managers are good about sending invoices detailing expenses and revenue for the property. However, for serv...
Hello guys, I have a general question. I am closing on a small multi family 4 plex next week. A couple of big ticket items that need to be worked on are : replace the roof, fix a water leak under the foundation, Frenc...