I'm curious as to what is considered "supplies" or "cleaning and maintenance" and also if I need to depreciate.Each year I purchase a lot of mulch and annual flowers for my rental.  I do all the work myself.  Would I ...

Hey everyone,Quick question. I am currently doing my first remodel out of state. I have never done one before and am looking for a good book that might have common pricing, terminology, etc. that I'd need to buy appli...

Per Indopco, capitalization is the norm, while deductions are the exception.In other words, instead of asking do I have to capitalize this, ask, what Code section provides an exception to capitalization.One such metho...

Are supply cost high for flippers right now? What’s the average price per sqft to rehab in Lakeland? I’d love to chat with other Lakeland investors.

What all can I deduct as business expenses?  I closed on my first rental (a duplex) yesterday and want to make sure I maximize all my deductions.  Can i deduct internet, cell phone, office supplies, car insurance (if ...

If I go to home depot and fix everything my self is everything I bought at home depot a repair or is it a supply since I needed the parts to fix it?Thanks

Investment Info:

Small multi-family (2-4 units) other investment in Grover.

My previous boss and mentor had two studio apartments that were sitting vacant for a long time. I rented both, furnished them, and ...

Hello everyone,Recently rented out a San Jose SFH to a high maintenance tenant. Need some advice as to how to deal with this tenant, enforce fees for service requests, etc? Mind that this tenant has only moved in for ...

I am buying a house to fix up and rent. Are supplies such as paint brushes, blades, and other miscellaneous tools and supplies used to fix up the place deductible in the current year, or do they get added to the basis...

We've got a lot to talk about in 2022. The past 2 years created unique challenges for us all. Let's share some of those obstacles and how we overcame them. There is strength in numbers.