A big surprise! We went to a RE conference in Irvine CA (Think Realty) (I live in Oregon) and the whole thing was rather expensive. It was much like a BP conference with even some of the same experts as the (a few yea...
Any one have experience with deducting rental expenses against ordinary income (not just rental income). I know there are rules regarding active versus passive investing and there is a cap (MAGI) but if one is over th...
Are the following items deductible expenses for an LLC ?
- state fees paid to open the LLC
- fees to open and maintain a post office box
- cell phone plan
Hi, all. If I get a HEL on an investment property to build a primary residence, is the interest on that loan considered interest on a residence that can be deducted with itemization? Thanks
If you're employed with a W2 Salary and are investing in rental properties under a LLC (disregarded entity), would you even be able to make deductions if they add up to be less than the standard deduction on your pers...
Guys,
I am trying to figure out my post-tax cash flow from my pre-tax cash flow and other stats on buy and hold properties. How does it work again? Please correct me if this is wrong:
From the net operating income...
The median priced home is $220,000. Assuming 10% down and thus a $198,000 mortgage, at the current 30-year mortgage rate of 3.7%, that works out to a payment of $917/month. Add $180/month for property taxes and the to...
Hello, I am a new agent in NYC. What expenses am I able to write off?Just curious.Thanks
OK, this feels like a stupid question, but....
--do you run your rental investments as a business, and...
--therefore, do you deduct all your business expenses, such as your REIA membership, miles driving around ...
Wanted to reach out to any investors out there and ask about items that may be tax deductible. I recently sent up my LLC, bought a new computer (for business purposes of course), joined my local REI Association, and a...