Does the 50% rule include mortgage payment?I searched and it says• 50% Rule - Total expenses of an investmentproperty equal 50% of gross rent.¿Does it include the mortgage?
So I have a good accountant that file my gross income tax down to 22k per year. Does it count against me when i try to refinance my property or mortgage? I current own two rental that are paid off.
Looking for a drone to inspect the roof or fly into a war zone area before you step in?Look no further!http://www.parrot.com/usa/products/bebop-drone/Great way to deduct your tax if you are making too much money as we...
I dont understand. I put my days holding this at 150 days. So that should have calculated in the mortgage payment for that number of days. What is confusing me is the variance in days posted to the side. Any c...
Last year I had about $60k in legal fees, which I classified as a business expense. Should I have capitalized the $60k (or a part of the $60k)? I sold the land related to the legal-fees/lawsuit and am now going to hav...
Curious if anyone here has any short term rental properties in Mexico, specifically the Quintana Roo state? Wondering what taxes are like, occupancy rate, and any other helpful tips you would like to share! Thanks in ...
Hi everyone, I just bought my first rental property and doing a BRRRR, but I am not replacing all the mechanicals at this time as they likely have some life left in them (furnace, HVAC, etc). I am wondering if a home...
I am managing the construction of a house on an investment property my parents own. They said they would pay me a fee and split some of the sales profits with me. Any tax savings I can get on this type of relationsh...
Hi BP family! I am looking to purchase a primary or vacation property. I have about $80k equity in the investment property.
My questions are: Which method should I use as a down payment to buy the next property? (I ...
Does anyone know of any Portfolio Lenders in the Westminster / Broomfield area?