J Scott
J Scott - Author of Flipping/Estimating Book - Ask Me Anything!
19 March 2024 | 323 replies
I don’t know how to keep a relationship with him if I deduct the materials from his completion payout.
Lev Butler
Looking to connect with local investors
14 March 2024 | 1 reply
Hi Lev,I am in the same boat as you!
Sondra Willis
Short-term Rental Insurance
15 March 2024 | 9 replies
Can you opt for high deductible?
Phoebe Hodges-Carter
Requiring Renters to Secure Renters Insurance
16 March 2024 | 21 replies
Other than deductibles, and of course insurance rate increases, was best possible outcome.
Bette Hochberger
Rental Property Tax Deductions: Maximizing Your Returns
13 March 2024 | 0 replies
Rental property owners, did you know you can deduct expenses like mortgage interest, property tax, operating expenses, depreciation, and repairs?
Cory Dock
Am I messing up by not having a mortgage on my rental property??
14 March 2024 | 6 replies
Head of household, standard deduction, sub 100k w2 income.
Michael Zandona
Best Investment for Depreciation
14 March 2024 | 11 replies
My wife is a real estate professional (we can deduct real estate depreciation) so a property with significant bonus depreciation would be ideal.
Valentino Sierra
Active duty (First house buy questions)
15 March 2024 | 4 replies
It can be used as income the year after you collect if filed on tax returns and offers deductions as well to offset monies owed.
Craig Barragry
HELOC/AIO for Personal Use
14 March 2024 | 1 reply
Under the Tax Cuts and Jobs Act of 2017, interest on such loans is typically deductible if used for buying, building, or substantially improving the taxpayer's home that secures the loan.
Rob Hendricks
Do carrying costs increase cost basis?
14 March 2024 | 4 replies
If you live in it, depending on your tax position these carrying costs may or may not be deductible.