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9 September 2024 | 18 replies
I want to know if it is possible to use this home loan for STR’s since I know STR’s (Under Tax Code Section 469) is one of the routes any RE investor can take to reach “Real Estate Professional Status,” and so use passive losses from my property to offset active, earned income (My W-2 Job in the future).
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11 September 2024 | 3 replies
I'd like to put together professional proposals but don't know enough here.
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10 September 2024 | 1 reply
., lower Airbnb income, longer renovation time)Consider professional property management to reduce your workloadEnsure you're compliant with all local laws and regulationsFactor in potential capital gains taxes or other tax implicationsRemember, while the potential returns look attractive, real estate investments always carry risks.
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9 September 2024 | 8 replies
I am agreeing with the tax professionals that have already responded.
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9 September 2024 | 13 replies
Quote from @Ashley Campbell: I use a professional CPA firm to handle my taxes and they are great with strategies.
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9 September 2024 | 3 replies
It's great to be among so many experienced professionals.
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9 September 2024 | 19 replies
It's not a line, it's a confusing (even for tax professionals) web of connected and contradicting rules.
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10 September 2024 | 6 replies
Along with property management this approach is widely used in industries including accounting, legal etc. where it’s common for the professional service providers to work with clients who are consistently adding new entities/properties to their portfolios.
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9 September 2024 | 7 replies
It’s always a good idea to consult with a tax professional who can look at your specific situation and optimize your deductions.Best of luck with your new condo!
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9 September 2024 | 9 replies
This can help you manage your tax bills better.Professional Image: Running your investments through an LLC can make you look more professional to lenders, partners, and tenants.