Hi everyone, I filled my taxes jointly for the first time.
Tax guy said I can't write off any repairs/upgrades because my wife and I W2 income is over $150,000.
Is this correct?!

Notably, short-term rentals are categorized as non-residential properties.

As someone looking into real estate investing (currently trying to find an affordable multifamily to house hack), it seems like its going to be difficult finding funding as most properties that aren't in complete disrepair are close to 200k, and dealing with the properties that do even fall below 110k seem like giant investments in terms of how much work, structural and big ticket fixes, where losing money on a deal seems much more possible than making money. 

Notably, short-term rentals are categorized as non-residential properties.

Hi folks,I'm looking at a listing that I'm not able to disclose but I'm wondering if I can get a residential conventional 30yr fixed loan for this commercial property.

The accounting giant dominates the industry, and in certain applications can be very good at what it does.

Ever think on that, why isn't this giant commercial building with this huge open football field of a roof simply throwing up solar?

I've had such bad experiences in the past with dogs in a different fully furnished short term rental where we originally allowed dogs-- swimming in a decorative pond and disconnecting the filter, killing the koi, chewing up a couch and other soft furnishings, scratching a newly installed hardwood door and ruining the finish, digging giant holes in the yard and landscaping.... thousands of dollars of damage, really, in a very short time, which is why I have a strict no pets policy, and am particularly nervous about dogs on the property.

This is generally due to the fact that this is how the American housing giants – Fannie Mae and Freddie Mac – government-sponsored agencies, separate their loan programs.

WIth Lennar Mtg financing, Iwas NOT able to get anywhere close to their rate or cash to close with my wholesale resources.