Aloha everyone!  I hope all are doing well during these unprecedented times.  I'm looking for quick tax advice on how to file my couple flips and really appreciate your time and knowledge!
General info: I purchased t...

I have been running numbers on a double duplex (4 units) and I think I have it correct in my spreadsheet, though would someone mind looking at the numbers with fresh eyes to see if I forgot something, or did any of th...

Question?? I’m a brand new investor and I was wondering if it’s best to use cash flow from a rental property to pay towards principal on that loan or save it for other reasons?

We are now managing a 4 unit investment property in Oak Park IL for a family member.After their unexpected passing we found that there was a reverse mortgage on it.Property fair market value is about $335K with forecl...

Does anyone know how you would deduct the costs of obtaining a line of credit?  For example, let's say I get a line of credit and I pay the following fees:Attorney Fees: $500Origination Fees: $750Title Fees: $1,500Cou...

I've been reading IRS Publication 527 to better understand the tax accounting for rental properties. I'm not sure how to interpret this statement about insurance:

"Insurance premiums paid in advance. ...

Hey guys (and gals) I would love your input on this apartment complex I'm looking at.

It might possibly need a new roof in the next couple of years.

Here is the data:

Gross actual rent: $250,864
...

Purchase price- $22,000
Taxes- $365 annually
Insurance- $250 annually
Repairs- $4,000
Rent- $500-$600 month
Property management- 10% of rent
Planned repair cost- $1,000 a year
Months not rented- $750 a year

Good d...

This screams great deal to me for some reason. I've looked a them and for what they rent for, there wouldn't be too much work that is needed. What I worry about are the tenants that I would be catering to, if you...

Hey Guys,I'm relatively new here but have been listening to a lot of the podcasts, as well as reading the articles/forums. Here is a high-level breakdown of the 4-unit property I have been considering:Asking Price: $1...