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1 February 2025 | 1 reply
You have to complete Schedule E if you have rentals.You should check if the turbo tax premier version allows the filing of Schedule E.With that said, using a software like Turbo Tax will assume you to understand what is deductible.If you work with a tax professional, you are more likely to have an accurate return.
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8 February 2025 | 3 replies
i tell them all the time to find a good W2 job you like and you plan on staying with a long time.
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8 February 2025 | 13 replies
From my experience working with over 400 investors, consider alternative strategies like rent-by-the-room, buying an SFH with an ADU, or renting where you live while investing elsewhere.
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29 January 2025 | 15 replies
I would search the BP forums because your tax / legal related questions likely have already been asked.However, it doesn't hurt to still ask the forum what your questions are.
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10 February 2025 | 7 replies
Our opinions should not make a difference, if you're doing your diligence properly.You'll just get realtors, or real estate professionals, from both locals promoting their area based off a keyword search for posts like this.
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10 February 2025 | 8 replies
Based on your description, it sounds like you would violate the self-dealing rule and could put your SDIRA at risk.
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9 February 2025 | 2 replies
Like accidentally leaving the car light on in the car and having your car battery dead in the morning.
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5 February 2025 | 16 replies
You CAN limit that agreement to a specific property; but, as others have stated, agents are looking for a certain amount of loyalty from their clients.If an agent gets vibes from a prospective client that indicates that they want to cheapskate and not pay a professional for their service, they are not likely to waste their time with them.
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31 January 2025 | 44 replies
It's more like BRR(hold)RR now.Yes!!
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28 January 2025 | 16 replies
The latter might not let you do anything and is more likely if they don't like your tenants.I see 3 scenarios:The fence is on your property.