Michael Klick
2025 and Looking to Invest in Real Estate
21 January 2025 | 7 replies
It gives you the flexibility kind of like a credit card that allows you to borrow a certain limit and withdraw funds as needed.
Heather Bailey
Insuring your House Hack
13 January 2025 | 6 replies
The good news is owner occupying allows you to get away with things like this a bit more.
Daniel Chen
Section 179 Question for rental business
4 January 2025 | 11 replies
Yes, you can deduct related expenses including gas, loan interest, insurance, etc. using the actual vehicle expenses method to deduct auto expenses for your rental or other businesses.
Reyna Ayala
How many bank checking /saving accounts are needed as a first time landlord
8 January 2025 | 10 replies
I would add to this account every month, allowing me to pull from it whenever there was a large repair or capex event.
James Mays
Property Insurance - Out of state rental - Jackson, MS
16 January 2025 | 3 replies
If you have not already purchased this policy, I would look for a policy that provided a stated amount deductible for wind/hail vs. a % deductible.
Ryan Daulton
Benefits of self-directed IRAs
14 January 2025 | 18 replies
I'm guessing though that since the IRA owner isn't allowed to take out a salary, perhaps the SDIRA LLC will be required to hire employees?
Bruce M.
Large RV or Boat - Tax incentives, Tax strategies
13 January 2025 | 7 replies
Solar has an energy credit and Starlink is deductible as business expense.
David Woodside
500 hour rule - material participation
15 January 2025 | 12 replies
Allows rentals to be non-passive.
Muhammad Kashif
Best way to optimize taxes for new construction of investment property (for flip)
20 January 2025 | 3 replies
A 1031 exchange doesn’t apply, but funding through a self-directed IRA can defer taxes, though profits from debt financing may trigger UBIT.To reduce taxes, consider forming an LLC for better expense deductions, offsetting gains with investment losses, or holding the property for 12+ months to qualify for lower long-term capital gains rates.This post does not create a CPA-Client relationship.
Anirudh Reddy
Who can claim interest paid on a seller finance property?
23 January 2025 | 4 replies
YOLOGeneral principle of taxation: to take a deduction, you mustA. be legally response for this payment and B. actually make the paymentThe conclusion should be obvious.