When filling out a personal income statement, it asks for "net rental income"; should I just use the 50% rule and figure half the gross rent-PITI? What will give the most accurate financial picture?

Ok,Started a 2 person partnership last year.  The idea is to invest in short term rental property. We formed the LLC, and paid for some informative seminars and conferences.  We (the partnership) have yet to buy a pro...

I am a new investor and am wondering what is the best way to keep track of all income and expenses and how do you go about keeping yourself organized? Also what do you need when it comes time to file your taxes? Do yo...

I’m adding another forum question to my string of cost seg questions. 
I’m partnering up on a purchase. My spouse meets real estate professional status. The real estate partner does not meet status and will not quali...

Hello BP Family,I'm looking for some guidelines on doing STR mainly to help with tax-loss harvesting. I was primarily looking within the Bay area and figuring out it's hard to do as many cities/counties have STR regul...

Hey, everyone. I'm really interested in Real Estate Investing/Finance and I like creative investing but I don't have any practical experience. I'm only 25 and property is really expensive here in the Bay area. I might...

Hi,I have a tax related question on the rental properties. I read that rental property purchase value will be depreciated to 0 over the course of 27.5 years and that depreciation can be tax deducted every single year ...

Hello BP,I have some questions regarding operating multiple rentals under a LLC. I am trying to move my rentals under my LLC, when I do that do I have the payments be directly to my LLC? If so, how would I access the ...

I read somewhere that you can write off on your taxes a certain portion of your income if the property is younger than 27.5 years (or something to that tune). I recall there being something about a 10K threshold. Mayb...

Ok, this is what we got...My mom bought a condo (140k) 6 months ago with the idea of renting it and have a passive income, long strory short the HOA didn't allow her to rent it, just for her (or family) to live in, so...