I bought my first rental a couple months ago. I haven't had to put much money into it because I inherited a tenant. I want to replace the water heater before it stops working. Should I do it here in 2018 or would it b...

Would like to calculate depreciation deduction on a Rental property, but what is the land value associated with the rental property? looked up the tax assessor’s valuation information on the rental property. The land...

Good evening BP community,I'm preparing all my tax documents prior to meeting with my CPA and I'd like to show up to the meeting prepared.  Appreciate your time reading through my questions. Last year I purchased a du...

I have options of deductibles between $500 and $3000. The $3000 seems high but the premium is pretty dang low. My question is, if I go with the $3000 deductible what kinds of expenses should I expect to pay out of poc...

Hello everybody, so I spent some time trying to figure this out, but I'm hopelessly lost. What are the tax benefits or disadvantages of house hacking and living in one unit of a duplex, as opposed to renting both unit...

Hi all - I'm just starting out my plans to invest in a rental property. I've built a pretty good model, but I'm trying to figure out one key aspect around taxation. For my example, let's assume the following year 1 pa...

How do you decide the security deposit deductible?

I have what I feel is a pretty solid individual SFH pro forma, but I'm trying to put together a multi property pro forma for planning purposes. The one thing that I don't have in the current pro forma is the savings b...

Hi, Everyone!I'm a new real estate investor. I'm in the process of buying my first rental property and I have a few questions about buying points and etc.Property value is $200k and I'm putting 20% down. Location is i...

I have a credit card that I use only for my rental business. I got a new card after my card was hacked and my auto pay was cancelled.  I got a ~$40 late fee applied, can I deduct this? I keep a $50k HELOC that I keep ...