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23 February 2025 | 0 replies
Yes, you will have to pay taxes back for the depreciation amounts should you sell in the future.
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14 February 2025 | 1 reply
The loan on this house is $1,200,000.I moved in to my new primary residence by the end of the month.Starting July, my original primary residence was available as a rental and was being shown to prospective tenants.My new tenants signed a lease that began a couple weeks after showing, in July.To calculate my primary residence mortgage interest deductions, i'm using the following formula:650,000 / 2 = $325000 loan from January to June1,200,000 / 2 = $600,000 loan from July to December$750,000 limit / (600,000+325000 total loan value) = 0.81 multiplier(0.81 * $X first house interest) + (0.81 * $Y second house) = total interest payed i can deduct from my primary residencedoes this look correct?
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21 February 2025 | 14 replies
My initial plan had been to do something like Rent-to-Retirement or REI Nation- assuming that I'd be leaving money on the table to pay for their expertise, but hoping that I would learn through the process and develop the confidence to strike out on my own later.
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21 February 2025 | 29 replies
It starts with doing 10-20% of the work and paying much lower taxes.
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3 February 2025 | 15 replies
Using mortgage debt at 6-7% on a refinance to pay off higher rate debt such as a credit card at 15-25% is a savings!
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15 January 2025 | 2 replies
I’d simply ask in what situations where the broker and the brokers firm did nothing to facilitate the sale do you think you should get paid a commission?
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23 January 2025 | 31 replies
We take care of the entire process—from sourcing and purchasing properties to managing renovations and the final sale or rental.
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1 February 2025 | 15 replies
Of course the solo would also pay the notes.
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14 February 2025 | 7 replies
My knowledge is free, but I am most happy to charge for it, if someone is willing to pay!
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16 February 2025 | 4 replies
That's less than anyone's paying in rent.