Ryan E.

If you itemize deductions, I believe property taxes and mortgage interest can both be deducted on Schedule A as an investment property expense if the property is not in service as a rental, then on Schedule E after the property is in service.Confirm this with your accountant.

Hi Kyle, I am a CPA who owns and invests in real estate and does r/e tax and accounting.

https://www.redfin.com/IL/Lake-Bluff/136-E-Sheridan-Rd-60044/home/17667343

But not for anyone who has to finance the purchase....http://www.loopnet.com/Listing/20042621/942-E-Broadway-Road-Tempe-AZ/

My daily "habit" is to listen to REI podcasts, YouTube videos, audiobooks, or read e-books.

I am interested in some help analyzing this house.https://www.redfin.com/IL/Lake-Bluff/136-E-Sherida....It is a 2br/1.5ba Finding anything in this part of Lake Bluff, east of Mckinley Rd, for under $500,000.00 is rare. 

Hello Everyone, Hope you all have wonderful holiday, I have e-commerce business but i really want to invest in my profits/money in real-estate to get solid cash flow.

You can also ask for a copy of Schedule E of the seller's tax returns, with SSNs and other properties blacked out, to see what they tell the IRS the cost of utilities, etc, actually is.Whatever the sellers claim rents, NOI, etc, is, you can go ahead and disregard those numbers.

So, I also maintain plan b,c,d,e,f...