Raghavendra Jakkani
Tenant screening with child support
29 October 2024 | 6 replies
@Raghavendra Jakkani wanted to add that some states, source of income is protected so you can’t exclude income sources that may come from child support, government assistance etc.
Greg O'Brien
Clearing Up Confusion on Tax Treatment of Short Term Rentals
1 November 2024 | 48 replies
I’m excluding travel time to the property for the STR’s.Any words of wisdom regarding material participation that you referenced?
Kenji Tominaga
Pending closing the deal due to the current tenant not leaving
28 October 2024 | 23 replies
An owner themselves might simply move in with the squatter who cannot show they have the right to exclude the owner from living there unlike a tenant who has a rental agreement.
Brian Scott
Refi question FHA to Conventional
24 October 2024 | 9 replies
You can deduct expenses like mortgage interest, property taxes, insurance, repairs, and maintenance costs from your rental income.The biggest advantage is depreciation—this allows you to deduct a portion of the property’s value (excluding land) over time, significantly reducing taxable rental income.
Kyler Cook
Christian Investors - How do you tithe?
24 October 2024 | 27 replies
I used to exclude that from tithe, but now wondering if it makes sense to include it as I include depreciation on renovations.2.
Gordon Burwell
Family equity pitfalls and consequences?
17 October 2024 | 6 replies
Excluding the debate about getting into business with family.
Daniel Dixon
Switch Indy duplex to affordable housing tenants?
18 October 2024 | 10 replies
Anything west of those areas (excluding Speedway $$$) will be D class, no new construction/flips, and I don't travel though.
Aleksei Furmenkov
Flipping vs Renting Out
19 October 2024 | 5 replies
At least within this question let's exclude the US market, taxes and laws since I am far from investing on that market.
Paul Gamber
Do I need a 1031 exchange in my situation?
13 October 2024 | 8 replies
Then when the property is sold, she excludes the entire gain as a sale of her personal residence ($250,000 exclusion) and she then gifts you the proceeds (nontaxable) saving all of the tax with no 1031 cost or deferred taxes.Just sayin . . .
Alan Asriants
Is this an end to Wholesaling?
30 October 2024 | 236 replies
I would not just exclude those props I would just charge accordingling..