If I pay HOA on my rental can I deduct it as a business expense?

like
Posting as :
works at
You are currently posting as works at

Yes but only against the rental income and not your W2 (as with all RE deductions)

like

Related Posts

Once a vaccine is found (assuming it'll be in the next 12 months) how long do you think it'll take the economy to rebound?

like

What is the maximum pay for Senior Consultant band C1 in CG

like
like

I have one pro bono case that I kept when I left my firm to go in house. It’s a matter completely unrelated to my company and I have malpractice insurance through the nonprofit organization associated with the case. I’ve made clear to my client that I’m repping this client in my personal capacity. No one has asked me specifically about pro bono stuff at my company - if I know there’s no conflict of interest, is this something I should disclose? To whom should I disclose this?

like

Hi Fishes

What will be my inhand salary after deductions?

Thanks

Post Photo
like

How long does it take to implement a Plaid API product?

like

Any advice on moving from L4 to L5 in Amazon?

like

Don't get me wrong, I appreciate so much and feel very lucky to have a job BUT I am losing all the energy and excitement regardles of the project. Every day I struggle with going back to this consulting work. I just don't have the energy to focus (this is not the case for other things and side hustles). I manage to keep it down and deliver but I fear it's a matter of time until I fail. Trying to find an exit/job but had 1 interview in 3 months. I feel trapped and guilty for feeling this.

like

What is the Salary for an Assistant Manager?

like

Hello,

How easy it is to get transfer in
Siemens ( STSPL). My base location is Bangalore and I want to get transfer to Kolkata. With office openning up it will help me to stay close to my family and without impacting my job. Thanks in advance.
Siemens

like

Any reasonable monthly parking in Midtown?

like

Long shot but is anyone collecting the Panini Qatar World Cup 2022 stickers. Looking to trade some…

likefunny

What is your experience with The Bill Good Marketing system?

like

Does anyone have any good ideas for client appreciation gifts for certain mile stones that don’t break the bank besides a gift card? i.e. when they have been with me for 1 year

Best way to generate leads today?

Hi There....Citi-zens.... Can someone help with referral in anti money laundering, Finance crime,KYC roles in SME & TL roles? I don't have the exact job codes

like

Any Strategy& SM available to DM? Have an offer and would like to get some thoughts on the base, sign-on and bonus - negotiable? Also, bonus cycles and timelines etc?

like

Does anyone know about Sage Group? Seems to be a boutique firm but not sure about their culture and overall dealflow in the market.

like

Hello everyone. I am new here and looking for a job in Digital Marketing in companies like EY, Cvent, GroupM or Deloitte. I have 7+ years of experience in the same field. Your help means the world to me!! Looking forward to constructive conversation.

like

Is principal consultant equivalent to senior manager in pwc? @pwc

like

Additional Posts in The Real Estate Bowl

How much should I invest in buying a HOME as my primary residence.

Current TC: 200k
Net worth: 300k, readily available 170k in stocks, hysa and cash
Current rent: 2000 per month
Age: 30

Wonder if anyone has any excel model or a rule to determine how much I can afford or should go for?

like

Anyone punched out of state 4-10 unit apt building? How did you find the listing?

like

Can I get a commercial loan without 25% down?

like

How long did it take you to buy your first million dollar home? What were the steps you took to get there?

My dream neighborhood is 10 min down the road but entry point is 1.2m. Currently my house is worth around $550k

like

If you living currently in a home and looking to buy another home but plan to put only 10% on the new home, can I pay the remaining 10% after selling my existing home in 1-2 months .. and get the PMI

like

I am looking into buying a multi unit (dullex,triplex,quad) in Chicago ideally in Lakeview East/West, Lincoln Park, Wicker Park, Logan Square, Bucktown areas.

This will be my first property and planning on living in one of the units. Downpayment will come from what I have in stock market but wondering if anyone has any models to how to analyze if it would be a good investment property. Would appreciate any help? First in family to get into something like this.

like

Is it safe to buy new home now with high interest rates ,high home prices and recession in near future?

likefunny

I share my first property with a family member which is my primary home. If I buy a second property (and keep the first property) and live there, does that second property now qualify as my primary home?

like

Current Tenant Rent: $1075, Monthly Payment: $400 (with property management), Initial Repairs: $2-5K, Down Payment: $12K

At surface level, do these numbers check out?

like

Interested in development. Any recommendations on how to get started? Are there any organizations that will fund any part of a development project?

like

Looking to buy a vacation home on the west coast not in a major city. West coast so it doesn’t take too long to get there. Could consider other areas, but don’t want to spend too much time traveling there. Budget is under $700k for 3 bedroom, at least 2k sqft. Any ideas?

like

Now that the rents are going higher and housing is not affordable. With wfh option is it good idea to love to ranch with house?

Anyone here invested or opted as primary living place outside of cities?

Cheers

like

Is a sloped floor of 1/2” over 10’ noticeable? I have to make room for conduit and cannot trench in my current place

likesmart

From a financial standpoint in this market, which would be a better approach in Austin -

1. Buy a ~8-850k house that meets most of our ideal criteria (size, schools, interiors etc) to stay long term

2. Buy a ~5-550k house that’s not ideal with the plan of moving into an ideal home in 4-5 years when kid is ready for school.

How easy is it to get a mortgage for the second home?

Household income - 300k

Happy to add more details as needed

Thanks

I'm early in my career, managed to save $30K to invest, and want to get my hands dirty with a rental property without too much risk (e.g. no HML/flipping). It sounds like that's a tall order in the NY/CT area given the prices, not to mention whether I'd be able to get a mortgage on anything below $100K, but I figure I'll give it a shot anyway. Any advice on what you might do in my position? Am I being crazy with this idea?

like

For anyone that has bought a townhome from Lennar, are the walls fairly well insulated for sound?

What, if any, were your main complaints?

like

I would like to learn more about development and real estate. Can anyone recommend any books or courses that you think are informative. Eventually I would like to own a few apartment buildings, but I know there is a lot I need to learn 1st. Any advice appreciated. 

like

Hi guys! Looking to learn about real estate investing! I am a senior in college graduating with a degree in finance so I understand certain aspects, but am looking to learn more on my own about real estate specifically!

What books would you recommend I read?

like

Any investors in the woodlands Texas for single family homes, rent looks good as per Zillow , good school district and houses are still affordable compared to Dallas and Austin

like

Would you pay an extra ~$100/month on top of existing monthly PITI for access to $65k in equity from your home? Want to use it for either A) down payment on new primary or B) net new investment property and see if that can fund the next primary

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal