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14 February 2025 | 5 replies
Basically just putting a step in the middle of a disallowed transaction that is really only there with no actual profit/business/clean motive except tax avoidance...is not valid.
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1 February 2025 | 1 reply
It will familiarize you with the basic terminology and benefits.
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12 February 2025 | 4 replies
Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.
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17 February 2025 | 5 replies
Check passive loss rulesTrack carryforwardsMost small landlords will simply:Take the simplified $5/sq ft deductionClaim it if they have net rental incomeSkip it if they're already showing lossesPro Tips: 💪Use the simplified method - it's $1,500 max (300 sq ft × $5)If you're showing profits, take itIf you're showing losses, don't botherKeep basic photos/documentation of your spaceThe Bottom Line: 💰If you're making money on your rentals and genuinely use a home office, this is a nice extra deduction.
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5 February 2025 | 16 replies
I don't love Belleville anecdotally or when I do some basic research.
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15 February 2025 | 11 replies
When picking a market, I would look for things like population and job growth, rental demand, and economic diversity—basically, is the area attracting people and businesses?
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27 February 2025 | 60 replies
Also, for your on site manager, do they perform any basic maintenance and do you give them a stipend or just discounted rent?
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6 February 2025 | 5 replies
What would you do in my shoes I don’t invest there so take this with a slight grain of salt but I’ve heard multiple stories of basically this exact scenario someone getting offered a big payday for something in Cumberland, rejecting it & always for some reason (house burned down, block got worse, sheetz decided they actually didn’t want someone’s land for a car wash after all) always selling for like 10-20k and regretting not selling.
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26 February 2025 | 17 replies
I am open to investing basically anywhere, as long as I could make it work.
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21 February 2025 | 17 replies
I’ve done 4 cash out refis to buy 14 houses basically for free, since I didn’t have to come up with any out of pocket cash for my 20% down payments on the new houses.