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Updated over 5 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Lansing MI
  • Member since May 23, 2019
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Lansing MI
  • Member since May 23, 2019
Connect
Account Closed
  • Rental Property Investor
  • Lansing MI
1
Votes |
7
Posts
Local Real Estate Networking

Live in Flip while Renting out Rooms

Account Closed
  • Rental Property Investor
  • Lansing MI
Posted

I currently am doing a live in flip while a am able to rent out the rooms. Basically just needed cosmetics and an updated kitchen and bathroom. Anyhow, I have a mortgage payment of 950 and each room-mate is paying 550 and some extra for utilities. I am unsure how much if I need to claim the extra money coming in from the room-mates in my taxes or not since I'm living there with them. I would appreciate any knowledge or tips related to this. Thanks!

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