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27 February 2025 | 25 replies
my google search of asset definition had as its first entry: "a useful or valuable thing, person, or quality."
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17 February 2025 | 10 replies
I personally own properties in these areas, and they’ve been performing well in terms of cash flow!
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26 February 2025 | 12 replies
I will be honest and let you know that your agent should be sending you personalized deal flow and providing numbers on why they think it's a great deal.
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6 February 2025 | 13 replies
Unlike long-term rentals, STRs can be treated as non-passive, allowing depreciation deductions, including bonus depreciation (40% in 2025) on eligible assets.For tiny homes, tax classification matters:If mobile, it is considered personal property, allowing 100% depreciation under §179, subject to income limits.
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10 February 2025 | 10 replies
i think this is a decision only you can make. im in a similar boat (house hacking my primary) and considering renting the whole thing out to get a solo home for myself. certainly a lot of appeal in that, given how much work goes into the house hack. but whether or not the numbers on cash flow align is up to you. personally i dont think $150 (seems like about 12%?)
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13 February 2025 | 8 replies
This is a very personal question that is difficult to answer.
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11 February 2025 | 20 replies
The GSEs, Fannie Mae and Freddie Mac, both allow the use of foreign income under certain circumstances.In the personal tax returns provided by a borrower, you may see an IRS Form 2555, which identifies the foreign earned income.
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3 February 2025 | 15 replies
Hey @Cameron MarroPersonal Loan or Line of Credit: If you have decent credit, a personal loan or line of credit could give you access to the cash you need for renovations without using your property as collateral.
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19 February 2025 | 10 replies
Personally I would just get the proper licensing and insurance if I wanted to manage properties for others.
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12 February 2025 | 12 replies
@Levi Perl Since your single-member LLC (SMLLC) is a disregarded entity, all rental income or losses are reported directly on your personal tax return rather than at the LLC level.