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11 January 2025 | 9 replies
I would reinvest in a another property and use a 1031 exchange to detour taxes.
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17 January 2025 | 11 replies
I understand that I need to account for taxes, insurance, and other costs—Should I go with a LML and then do a refi later on?
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9 January 2025 | 32 replies
At a 37% tax rate, this creates around $117k in tax savings, reducing your taxable income from $700k to $583k.2.
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21 January 2025 | 2 replies
Low barrier to entry, low taxes, landlord friendly, some amazing class A and B suburbs and a strong urban core.
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19 January 2025 | 4 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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15 January 2025 | 9 replies
For tax purposes, rental income is generally recognized in the year you receive it, not when it is paid.
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14 January 2025 | 25 replies
This approach avoids downtime and lets you start earning right away.Future Bookings:Taking over bookings can get tricky since Airbnb doesn’t allow direct transfers between accounts.
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22 January 2025 | 11 replies
I am using the tax benefit along with the principal pay down and appreciation to offset.
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17 January 2025 | 19 replies
Also, they ONLY earn the credits if their rent for months 2-4 is paid on time.
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30 January 2025 | 8 replies
There may be tax implications to that maneuver, so check with a CPA.