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30 July 2024 | 23 replies
The most glaring example: "taxable income" is very different from actual profit as measured by cash received.2.
27 July 2024 | 4 replies
But classifying your depreciation (either the leftover annual depreciation after taking bonus depreciation, or the regular amount of depreciation if you didn't take bonus depreciation) can be taken as an active deduction against your W2 income for as long as you materially participate in the property.Disclaimer: I'm not a tax professional so not financial advice.
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31 July 2024 | 13 replies
Do our regular rent increase and then add on an extra $100 or $200 because you have to chase the rent Let the tenant know now that their rent will increase significantly if you have to chase them for the rent every month.
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1 August 2024 | 16 replies
This is especially true the finer the market is.I see a lot of different strategies from serial investors I work with regularly, and would be happy to learn more about your finer details as such.
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29 July 2024 | 0 replies
By accelerating your depreciation schedules, you reduce your taxable income which in turn increases your operating cash flow.
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30 July 2024 | 8 replies
Attend local meetups regularly.
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30 July 2024 | 10 replies
Backstory:We rent the ADU out regularly via STR or MTR and live in the main house currently and are looking to size up.
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30 July 2024 | 12 replies
Houston isn't making 4 unit buildings regularly.
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30 July 2024 | 30 replies
Also, Z Wave and Zigbee radios are in sleep mode 99% of the time whereas WiFi radios are communicating pretty regularly.
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29 July 2024 | 11 replies
Depending on the county, the assessor will pick up your sale price and adjust your taxable value to 70-100% of sale price.Insurance: Have your insurance broker get you a soft quote based on your lender's insurance requirements.