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25 November 2024 | 1 reply
Book losses through bonus depreciation.4.
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9 December 2024 | 98 replies
Yeah the dude is out there but maybe that works well for him as he seems to get the vision on new stuff before most.
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28 November 2024 | 10 replies
Risk of Losing Multiple Properties: If the borrower defaults, the lender can seize all properties used as collateral, which can lead to significant financial loss.2.
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10 December 2024 | 39 replies
Our cleaning fees for the year were $40k, landscaping $2.5k, handyman $3k... all tasks that can be done by an operator and off set the loss of income from occupying the main house that brought in about $40k for 2024.My wife and I have decided that even though it makes good money, we have been in Texas for a year and we want to do something similar here and we are very much DIY people and don't want a PM company to run it to the ground.
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26 November 2024 | 5 replies
I am at a complete loss.....should I call the atty general of NH?
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26 November 2024 | 13 replies
Here are a few options: max out 401k contributions for you and your spouse, max out HSA contributions, make charitable donations, harvest tax losses, etc.I recommend finding a tax strategist who specializes in real estate taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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25 November 2024 | 2 replies
If you buy a rental property by the end of the year, you might be able to offset some of the losses with the gain.best of luck.
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1 December 2024 | 91 replies
There just generally a thought loss in the U.S. for real actual innovation for far too many years.
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16 November 2024 | 21 replies
As long as one person is a real estate professional, you can usually use rental losses offset joint income.
25 November 2024 | 11 replies
Income Late fee Gross rent Expenses Advertising Cleaning Gardening/lawn mowing Insurance Interest on loan(s) property tax Legal expenses Pest control Property agent fees/commission Repairs and maintenance Water charges Electric Bill Total expenses Net rental income or (loss)