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20 January 2025 | 57 replies
Have you passed the tax assessment yet, or is this your first year of owning it?
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21 February 2025 | 4 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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15 February 2025 | 1 reply
You have tax benefits through depreciation and you are gaining experience via property management.
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6 February 2025 | 13 replies
You could structure the deal as an installment sale or a lease option so the property owner doesn't see a large capital gain tax payment for the sale.And good on you for helping out!
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5 February 2025 | 2 replies
Your actual property taxes alone on that will be over $10K a year in 2025 and don't forget about that supplement tax headed your way.I would suggest keeping the others and maybe changing to LTR if that will give you consistent cash flows.
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25 January 2025 | 155 replies
I learned so much from the course and PCS, and I'm claiming all of my cost on my taxes.
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6 February 2025 | 3 replies
The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.
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29 January 2025 | 5 replies
I guess I could do some work-arounds -- maybe reserve one unit in the first purchase for use as an AirBnb, and reserve my own time in it when needed - instead of claiming it as a primary.Are either of you (or anyone) familiar with a finance product/loan that will allow me to purchase under $150,000 (w/ strong credit) and do much of my own work and live-in a portion as a primary residence?
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15 February 2025 | 3 replies
--- Does the property have 2 Tax ID numbers or just one?
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12 February 2025 | 12 replies
you'll probably still need something long term like software as others have suggested but this was a thought i had... you could see the actual profit or loss from a tax perspective for each property.