19 April 2024 | 10 replies
The decision to use Schedule E or Schedule C for reporting rental income from house hacking can depend on various factors, including the nature of your rental activities and how you've structured your rental business.Schedule E is typically used to report rental real estate income and expenses for individuals who own rental properties as investments or passive income sources.Schedule C, on the other hand, is used for reporting income and expenses from self-employment or business activities, including activities that are considered to be actively managed.The interpretation of the tax code and the determination of which schedule to use can vary based on individual circumstances and the tax preparer's expertise.Your tax preparer may reference relevant sections of the IRS tax code, such as IRS Publication 527 (Residential Rental Property), IRS Publication 334 (Tax Guide for Small Business), or other applicable publications and regulations.Factors that might influence the decision include the level of involvement in managing the rental property, the intent to generate passive income versus active business income, and the structure of your rental business (e.g., sole proprietorship, partnership, LLC).Ultimately, it's essential to work with a tax advisor or accountant who understands your specific situation, goals, and the nuances of rental property taxation.
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19 April 2024 | 20 replies
DSCR lenders make their own criteria, often influenced by conventional loan criteria but for a cash out refinance on an investment property you can get out cash out on the new appraised value at 3 months.
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18 April 2024 | 14 replies
Final decisions are influenced by local demand, seasonality, popularity of tourist destinations and other factors.
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17 April 2024 | 9 replies
Yes, it is 5 or 6% for commission Realtor fees, but don’t let that influence you on its own . make an offer that you believe to be fair for both of you
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15 April 2024 | 1 reply
The Sale Price vs List Price in Springfield is some of the highest in Massachusetts, but looks to have possibly been influenced by the low sales in January and has quickly come down below 1%.
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15 April 2024 | 9 replies
Having a good mentor to help you navigate will influence the level of difficulty and how you maneuver so I think it’s highly important.
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13 April 2024 | 7 replies
It's wise to take into account market research and any upgrades or additional benefits for the tenant.Determining when to raise the rent is influenced by various factors such as lease renewal dates, local market conditions, tenant satisfaction, and lease agreements.
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13 April 2024 | 8 replies
The bad news is that many influencers make it look much easier and give some false promises to get you to buy a course.
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18 April 2024 | 141 replies
I think how you physically carry yourself influences other parts of life
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9 April 2024 | 3 replies
However there was no commercial influence near that house.