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14 February 2025 | 1 reply
The loan on this house is $1,200,000.I moved in to my new primary residence by the end of the month.Starting July, my original primary residence was available as a rental and was being shown to prospective tenants.My new tenants signed a lease that began a couple weeks after showing, in July.To calculate my primary residence mortgage interest deductions, i'm using the following formula:650,000 / 2 = $325000 loan from January to June1,200,000 / 2 = $600,000 loan from July to December$750,000 limit / (600,000+325000 total loan value) = 0.81 multiplier(0.81 * $X first house interest) + (0.81 * $Y second house) = total interest payed i can deduct from my primary residencedoes this look correct?
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4 February 2025 | 7 replies
After 2 years I have had to replace very few items, whether that be from theft, loss, or over usage.
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10 February 2025 | 0 replies
I didn't have enough space in the Title:Novations where the investor uses a Limited Listing that puts them as the primary contact for scheduling showings, receiving/accepting offers and negotiating are brokering without a license.Novations where the investor actually hires a real estate broker to handle the aforementioned for the seller are not included.
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14 February 2025 | 4 replies
Knoxville specifically has some rules regarding STR in the city limits, county is a different set of rules (little more lax).
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30 January 2025 | 5 replies
This would apply to your unit.Your biggest concern with setting the rent should be the near future. 1) Your insurance is guaranteed to go up, probably dramatically. 2) You may get an insurance assessment bill to cover the CA Fair Plan losses.
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18 February 2025 | 1 reply
If the index underperforms—or if caps and participation rates limit returns—you might not get the growth you expected.4.Other Funding OptionsFor most real estate investors, it’s worth comparing mortgages, HELOCs, or partnerships.
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17 February 2025 | 92 replies
A person can make "big returns" in any/every strategy in existence, as well as making "big losses" and everywhere in between.
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16 February 2025 | 71 replies
See restrictions of a DST below:Because a DST (the Trust) is a tax-driven structure, there are certain limitations imposed on what the Trust (and the trustee, the asset manager and the master tenant) can do.
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10 February 2025 | 2 replies
4) Bathroom time limits?
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18 February 2025 | 3 replies
I have found that the profit margins are very low in this model if the house is in a C/D neighborhood because you are limited to the amount of rent you can charge for each room.