Working toward improving my knowledge of Real Estate

[Tim Aiken]

New to BP and looking forward to learning much more about making money in Real Estate, I have 1 house in Royal Oak no cash flow this is a family house that I maintain for a impaired brother, I am 50% owner at his passing I will be splitting the house with 2 other brothers, they will receive 25% each I the remaining, currently I live in Mount Holly NC with a house with good appreciation, Now I am interested in looking for a rental. 

[Tony Pellettieri]

Quote from @Tim Aiken:

Quote from @Tony Pellettieri:

Hey Tim, my name is Tony and I just started investing in the Charlotte area. The way I acquired much of my knowledge was by listening to books on audible. Bigger Pockets has quite a few I could recommend and many more depending on what you're interested in focusing on. If you have any questions about the metrics of your property, I'd be happy to take a look and see how you might be able to change your "no cash flow" situation with either your current property or an additional one. Best of luck!

 Anthony thanks for taking the time to respond to my post the cash flow issue will not be resolved until my brother who lives at the house is not able to care for himself at that point then I will have a decision to make on this property, my thoughts were can I consider the house a business expense for tax purposes or do I need to consider it as personal property for the taxes.

I would seek out a Real Estate Tax planner/advisor or speak with your accountant if you have one. They would be able to assess your situation and lay out the best path forward in regards to any tax implications either route would have.