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13 January 2025 | 7 replies
Looking for various tax strategies to reduce the reality that a large RV or boat is a grossly depreciating assetI would not have a loan, so claiming it as a primary or secondary residence and claiming the mortgage deduction is not applicable.I sold my primary residence and I have several rental properties which I use as I'm fixing them up.What I'm pondering is living aboard and working aboard developing a new product, while traveling.
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9 February 2025 | 6 replies
Agreed - plus two additional thoughts:1) I always recommend having your CPA also review the drafted operating agreement for the tax issues.
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13 February 2025 | 3 replies
Besides lists from the tax assessor, how are you finding your deals?
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18 February 2025 | 27 replies
While some neighborhoods may seem attractive based on price alone, it’s crucial to avoid problematic areas that could pose long-term challenges.
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15 January 2025 | 11 replies
I assume you would have to pay cash, because you have to spend all cash received to avoid taxes.
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13 February 2025 | 7 replies
Especially if your son could then try to sell his primwry with the ADU under the sec 121 tax exemption I wonder if he could sell you the land?
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2 February 2025 | 1 reply
You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.
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28 January 2025 | 7 replies
At that point, the clock will restart by 5 minutes after every counter bid, until the bidding stops.With mortgage foreclosures you'll want to guarantee that the property is vacant to avoid going through a messy eviction battle.
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22 February 2025 | 2 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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14 February 2025 | 7 replies
Some people use their IRA to fund fix and flip's and keep the profit in them tax free.