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12 February 2025 | 12 replies
You will report worldwide income on your federal and Kansas tax returns.You will also include the MO activity on your KS return.Your MO return will only include the acitivity within that state, which in this case, is the rental property.In the future, if you have income in MO(either through the sale of the property or through rental income), you will pay tax to MO but KS will give you a credit for any taxes you pay to MO.best of luck
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19 February 2025 | 11 replies
You Might Not Live for FreeMany first-time house hackers expect that their rental income will fully cover their mortgage, but that’s not always the case.
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17 January 2025 | 11 replies
Do you think a duplex is generally a better investment than a single-family home for rental purposes?
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13 February 2025 | 7 replies
(Except something like 1/2 of a duplex where the rental 1/2 is worth as much as your exchange.).
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19 February 2025 | 6 replies
.: Quote from @Grant Shipman: The Rise of Co-Living: As Airbnb Faces Restrictions, New Housing Models Win in Court 🏡⚖️Across the country, cities are tightening regulations on Airbnb and short-term rentals, making it harder for property owners to operate legally.
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11 February 2025 | 12 replies
As a starting point: -If they work full time and make $700k a year -Don't want to or can't spend time self managing a short-term rental -Don't have a spouse who wants to take the lead on managing the rentals They are likely not going to directly reduce their taxable income with real estate year-to-year.
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15 February 2025 | 11 replies
There are tons of other metrics to consider such as rental rate, job demand, growth, path of progress, taxes, schools, crime, and on and on.
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21 February 2025 | 9 replies
I am a landlord with 1 rental property in Philadelphia, 1 in Washington DC, 1 in Florida, 1 in Ohio and 2 in California[Discuss how the properties are titled.
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18 February 2025 | 43 replies
Quote from @David Shaun: January marks the 13th anniversary of the purchase of my first rental property.
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17 February 2025 | 2 replies
Eventually a nice vacation rental on the water that we can also use for short term rentals.