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Results (10,000+)
Alex Lawson What maintenance issues do you not cover?
11 March 2024 | 7 replies
For doors and knobs, explain what is normal wear and tear and mention deductions for damages.
Blisseth Sy Should I sell my first home purchase in SF Bay Area?
10 March 2024 | 9 replies
More details:Mortgage (principal + interest): $2930/moProperty taxes: $15K/yearHome insurance: ~$1K/yrCost of home ownership/month: $4280/yr (not counting for any tax deductions related to the interest and property tax)If I account for $20K of interest and $10K of property taxes as an income deduction, then I can reduce the cost by ($30K x 35%) divided by 12 = $875 per month = $3400/mo cost of owning the houseRental income after 35% federal income tax + 9.3% state income tax = $2618/month (!!)
Levy Lanie Newbie: purchasing a mobile home
9 March 2024 | 5 replies
Quote from @Levy Lanie: Sorry if I’m posting to the wrong section, but this was the closest topic regarding mobile/manufactured homes! 
Ricky Levy New start in the lovely city Birmingham - invest with pro.
9 March 2024 | 0 replies
I would be happy to get some tips and start building some connections and local professional team.Thanks and Best Regards,Ricky Levy 
Noah Bacon Do you use the 1% rule on your rentals in 2023?
12 March 2024 | 40 replies
This is for tenant occupied or turnkey properties that I want to cashflow, not hold for losses, deductions, or depreciation to offset taxes.
Alex Yakubovich STR for SFH: Does it make sense?
10 March 2024 | 8 replies
If I am the only one materially participating in STR, can we deduct STR depreciation from my spouse's income if we file taxes jointly?
Rebecca Aborah-Sarpong Conco approval process
10 March 2024 | 0 replies
I discovered a guideline that prevents lenders to loan to Condos that have master homeowner's deductible > 5%. 
Michael Doherty Tax Filing: Professional Real Estate Status
10 March 2024 | 5 replies
I would suggest a few things: 1. don't make repetitive log entries every day " managed rental, did calls" copied and pasted 50 times likely would be thrown out in an audit for example. 2. make sure you are materially participating in your rental activities. 750 hours is not enough, you need to pass the second test of material participation in the rental activities to turn that activity from passive to active and claim the deductions on your active income. 
David Haan garage ADU conversions for house hacking in SoCal
9 March 2024 | 4 replies
Just keep in mind ADUs are getting around $50K in value for an appraiser (and may deduct $10K in value for not having a garage). 3.
Henry Zhou Scammed by Xplicit Home Loan
9 March 2024 | 14 replies
I told them that I had already paid an extra 3% service fee, which they could deduct from the balance, but they claimed it was already included in the mortgage and could not be used for a refund.Now it seems they are fully scam.how can I do to get my money back, I have lost around $6062 USD for this case.Because it is criminal, can we report to police and get the money back?