Bruce Woodruff
Thoughts on the California fire repercussions
22 January 2025 | 17 replies
It's almost impossible to get deductible amount on some instances and owners are paying out of pocket.
Stephanie Menard
Expensive lesson by leaving one clause out of rental agreement
19 January 2025 | 41 replies
There is ZERO chance this tenant took your stuff because they noticed you didn’t say stealing from you wasn’t allowed.
Clarase Mika
Why Americans Should Be Investing in German Real Estate: An In-Depth White Paper
24 January 2025 | 0 replies
Rental income is subject to tax, but it is also possible to deduct many costs related to owning and maintaining rental property, including property management fees, repairs, and mortgage interest payments.Additionally, for those investors holding properties in Germany for the long-term, the country's capital gains tax law is attractive.
Alex R.
Southern Impression Homes
14 January 2025 | 27 replies
This has also allowed us to provide some excellent incentives for our investors, locking in long term debt currently at 3.75% through our in house financing program.
Joshua Parsons
Really long distance investing (International)
19 January 2025 | 46 replies
Can still use the $250k primary residence deduction per spouse on capital gains.
Brandon Vukelich
3-unit STR/MTR $107k NOI on $187k REV
29 January 2025 | 12 replies
If you're left with $107k across all 3 units after ALL expenses are deducted (some people don't include PITI when they discuss NOI) then I'd say it's darn good.
Nathan Nathan
Help required to create LLCs in Wyoming/Georgia/Michigan
27 January 2025 | 11 replies
Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.
Janine Sharma
1099 or W2 for onsite MHP property manager?
12 January 2025 | 7 replies
If they work independently, set their schedule, and use their resources, they might qualify as a 1099 contractor, but misclassification risks IRS penalties.Wages for W-2 employees and payments to 1099 contractors are both deductible business expenses, but compliance is key.This post does not create a CPA-Client relationship.
Katie Southard
Really want my rental in an LLC
14 January 2025 | 1 reply
Even with the redactions, it's not hard to figure out based on deduction how much we are making from the rental and from my income.
Reyna Ayala
Landscaping in owner occupied
1 January 2025 | 2 replies
Wanted to know if landscaping is a tax deductable expense in general and if it differs when one unit is owner occupied.