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17 January 2025 | 12 replies
I am buying conventional for primaries and DSCR for the rest.
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17 January 2025 | 9 replies
You could house hack and use the other portion to AirBnb as then you meet the primary residence requirement in B.C.
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7 January 2025 | 1 reply
I renovated the primary bathroom, kitchen, appliances and yard.
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6 January 2025 | 8 replies
In some cases, after crunching the numbers, the profit margin was so slim—or even negative—that I had to pass on some promising opportunities.Here’s my situation: I currently own two properties—a primary residence and a rental property—both of which have substantial equity.
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7 January 2025 | 0 replies
I renovated the primary bathroom, kitchen, appliances and yard.
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8 January 2025 | 13 replies
Just make sure you take your policy to the brokers so they can do a direct comparison.Maybe hit up your primary home insurer to see if they offer a STR policy.
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22 January 2025 | 12 replies
You purchased the home as your primary.
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18 January 2025 | 8 replies
That’s your primary job as a landlord.
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21 January 2025 | 31 replies
They claim only 2-3 percent of the companies are audited so the more clientele they have the percentage of audits will be less even if they make some calculated risks.Few Deductions they highlight which you can get with proper planning and right CPA.1) 119A - Revenue stream bifurcation2) Augusta Loophole 280A - use primary residence for 14 days of business and pay you back without tax implications.3) Paying your medical and children education fee using c-corp4) offcourse the famous charitable llc - another program and package.Thanks for the insight.
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15 January 2025 | 144 replies
You're essentially doing the same type of strategy except you're not putting your precious primary home at risk.