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2 February 2025 | 0 replies
This property also launched my short-term rental journey, running our first Airbnb before transitioning it to a steady cash-flowing rental, allowing us to scale into bigger projects.
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1 February 2025 | 4 replies
This allows you to access some of your equity without needing to refinance your first positions.
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10 February 2025 | 6 replies
Or sell using the 1031 exchange along with a partial 121 primary residence exemption There is a way you could take advantage of the 121 primary residence exclusion allowing you to take the first $250k of the gain tax free ($500k if married) and qualify for a 1031 exchange.Say you purchase a property as your primary residence (house hack extra rooms for extra income) and lived there for two years while stationed there.
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9 January 2025 | 20 replies
We're not allowed to do this. ;)Moderators: notice that this was just a joke between two colleagues, both tax professionals.
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9 February 2025 | 4 replies
I'm actually hearing that it will be allowed for residential multi family as well, although haven't confirmed that.
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31 January 2025 | 6 replies
What's the lowest credit score you will allow?
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6 February 2025 | 13 replies
Tax deductions / write-offs should be a second concern.There are some rules that you need to follow to treat a short-term rental as 'active'(non passive) income which would allow you to offset it against other forms of income such as rental income / wages.
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30 January 2025 | 5 replies
Once the tenant moves out you are allowed to charge any amount you like.
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14 January 2025 | 27 replies
This has also allowed us to provide some excellent incentives for our investors, locking in long term debt currently at 3.75% through our in house financing program.
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6 February 2025 | 7 replies
The law allows you to put all the deposits in one account.