19 April 2024 | 10 replies
Depending on your definition of house hack, these excess losses may be able to be carried forward as passive losses on form 8582 (not enough information to determine this part, would need additional info).I will mention as well that if you choose to switch to another accountant who more specializes in real estate, being that it's April, any good CPA will automatically want you to file an extension.

22 April 2024 | 39 replies
Just because you don't practice it doesn't mean you automatically subscribe to instant gratification, but it's likely if you subscribe to instant gratification the losses are compounded by not subscribing to delayed gratification.

23 April 2024 | 30 replies
But pref is really best as an option of last resort because the current pay makes the problems worse, and pushing back the LPs to a subordinate position isn’t ideal.There are a multitude of variations on these examples that shift the decision.

19 April 2024 | 6 replies
Keep yourself updated on real estate investment tactics, market shifts, legal obligations, and industry standards by connecting with fellow investors, participating in workshops, and utilizing online sources.

21 April 2024 | 41 replies
I am putting in a small bathroom, enclosing the area inside where the automatic garage door is... city requires that all conversions in our area raise the floor.

21 April 2024 | 25 replies
But the lien is on the property, just like any other lien or 2nd mortgage it doesn't automatically go away when you sell or refi, you still have to deal with it somehow.

25 April 2024 | 209 replies
Other states it happens automatically.

18 April 2024 | 18 replies
You need to make sure the next 25+ after you move out of the property make sense as a rental and where I would shift some of the focus!

18 April 2024 | 4 replies
It's important to consult with a tax professional who can advise on how these strategies align with your overall financial situation, especially considering your full-time employment and income structure.Moreover, as your portfolio grows, and particularly if one spouse can transition away from W2 employment, the landscape of your income and tax liabilities shifts.

18 April 2024 | 9 replies
What is the general climate of the local government torwards short term rentals and do you see this attitude shifting?