All Forum Posts by: John Duston

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $188,000
Cash invested: $192,500

Turnkey home in the City of Hillsdale. 3 bed / 2 bath home

Unfortunately, you would have to register in CA as you have nexus here. CA is also a stickler about this

 Will send you a DM

@Mary Jay

If you own real estate and pay taxes, buy more

@Baird King

Will be there

@Edward Alicante

There's a good bit more effort as you'd have to file a change of accounting method

@Jessica Lamont

It depends on each individual. There's no one size fits all. Also talk to a lawyer and insurance agent, not just a C

@Jessica Lamont

It depends on each individual. There's no one size fits all. Also talk to a lawyer and insurance agent, not just a C

@Jessica Lamont

It depends on each individual. There's no one size fits all. Also talk to a lawyer and insurance agent, not just a C

@Brady Ascheman

I second Linda's answer. You can claim all of your expenses as an increase to the properties basis but as the property isn't in service this year you're not gonna be deducting very much on your taxes this year.