Archive for the 'Rental Real Estate' Category

Where can I find info on getting started investing in rental properties?

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Question by Laurence L: Where can I find info on getting started investing in rental properties?
Mu husband and I want to buy a rental properties to get started in this business. I have read a few books. Where else can I find resources to learn more?

PS: do not point me to these real estate “gurus” sites, please.

Best answer:

Answer by tjnw79
Try talking to a loan officer or a Broker of a realtors firm. If one of you beome a Realtor you can get on the BLM list and find cheap houses (before the public views) and you can buy them quick. I think if you just get a realtors lic. it would be so much easier for you to get what you want.

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admin on 21 May 2012 | Rental Real Estate | Comments (6)

Rental property – how to report Mortgage interest paid and insurance paid?

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Question by SM S: Rental property – how to report Mortgage interest paid and insurance paid?
If I have a rental property, when I file the income tax return, for the mortgage interest and insurance paid, should I report under (1) “Rental Real Estate”, 1040, line 17, or (2) Schedule A, Itemized deduction?

Thanks

Best answer:

Answer by James S
How many days have you rented the home? Have you used the home for personal use.

If strictly a rental property then report on Schedule E.

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admin on 27 Jan 2012 | Rental Real Estate | Comments (0)