
20 January 2025 | 1 reply
Leverage Tax Deductions:Claim tax deductions for mortgage interest, depreciation, HOA, insurance, and property taxes.

24 January 2025 | 16 replies
As explained above, income from the financed portion of the property in an IRA would be taxed as well, but you can deduct related expenses, including depreciation, to minimize this tax liability; that is why I recommend a discussion with a tax expert to understand what your numbers would look like.Hope this helps!

27 January 2025 | 11 replies
Proceeds to segregated account to be disbursed ONLY on rental property improvements and expenses to preserve the deductibility of interest on your Schedule E.

16 January 2025 | 3 replies
If you have not already purchased this policy, I would look for a policy that provided a stated amount deductible for wind/hail vs. a % deductible.

18 January 2025 | 5 replies
For example:($650k) property value - ($150k) Land value = $500k / 27.5 years.That's $18k in losses you can deduct against your rental income.

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.

26 January 2025 | 16 replies
I'd deduct this before accounting for your total cash flow.

16 January 2025 | 12 replies
Since the boat is personal, that interest expense is personal, and is no longer deductible - for each year and forever more.

24 January 2025 | 0 replies
Over time, as property values increase, your wealth grows.Tax Benefits: Rental properties offer tax advantages such as depreciation and mortgage interest deductions, which can help reduce your overall tax liability.Scalability: Once you’ve mastered the BRRRR method, it becomes easier to replicate.

15 January 2025 | 4 replies
Yes, you can deduct the 8 days rent from the security deposit.