Doug Spence
Rent to Displaced Family?
25 July 2024 | 5 replies
If it was an accident-storm, crack in foundation, etc, I would do the regular checks and rent to them provided you are fine with the pets.
Ernie Be
Is it technically a loss?
23 July 2024 | 4 replies
In addition to appreciation potential, there are a bunch of tax benefits to consider as well... my favorite being that a tax loss can be carried forward to offset future taxable income.
Butch Greene
Seller wants to wait a year for tax purposes?
25 July 2024 | 6 replies
House is rented out regularly but also has a 2nd homesite that has a septic installed & perked for 2 Bed.
Steve Arel
16 unit downtown lewiston
24 July 2024 | 8 replies
I have a mix of section 8 and regular cash tenants.
Matt Wassum
Virginia insurance lapsed on rental / commercial properties owned outright
24 July 2024 | 2 replies
Then, once you have carried that for a certain time period other 'regular' insurers will take you back.
Angela Doyle
Seller financing on car wash
25 July 2024 | 18 replies
Car washes require regular maintenance, collecting cash, etc.
Julio Gonzalez
Bonus Depreciation vs Reclassification
23 July 2024 | 2 replies
This significantly accelerates the depreciation schedule leading to larger deductions in the beginning years of the assets, reducing your taxable income and increasing your cash flow.
Chiane Martin
Rooming house help?
25 July 2024 | 13 replies
I think I’ll keep this as a regular single family and work on another.
Brittany Heil
House Hacking with construction needs
24 July 2024 | 7 replies
For regular financing it wouldn’t work but with a renovation loan it could since its assumed you’re not living there in the meantime and its going to be under construction.
Zhesheng Ren
30 Year Mortgage Investment Property Question
22 July 2024 | 5 replies
I make money in different ways and my personal taxable income was about $150k in 2022 ($30k of that was W-2) and 290k in 2023 (150k of that was W2s).