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22 January 2025 | 3 replies
There are less taxes in Alberta too.
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1 February 2025 | 1 reply
However, I’d like to have a space of my own before living with others again (I plan to house hack again with my next property).I’m seeking advice on how to move forward, as I need to consider things like utilities, taxes, landlord/umbrella insurance, and managing the property, especially with someone renting my garage.Specifically, I’m curious about renting out individual rooms and living on my own for a little while.
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14 January 2025 | 1 reply
If you continue filing taxes jointly the income you realize from your separate property will still need to be explained and redacted, regardless of the type of entity holding the real estate.
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7 February 2025 | 3 replies
Since you're looking to expand into Florida and other states, I'd recommend starting by narrowing down your focus:Market Research – Florida has great opportunities, but each state and city has different laws, taxes, and demand drivers.
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22 January 2025 | 10 replies
So all of the gain and depreciation recapture are initially still tax deferred.However, like Joe said, the down side is later when sold you lose the 1031 option. the client will pay tax on all gain and depreciation recaptured from before the 1031 also.
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5 February 2025 | 7 replies
Work with a lot of expats and foreign nationals in this space tax related.
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8 February 2025 | 4 replies
.💬 Ask in the right forum – If you’re looking for financial advice, head over to the Finance, Tax, and Legal forum.
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16 January 2025 | 78 replies
I have seen many investors lose money due to purchasing site unseen.
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10 February 2025 | 12 replies
All-In Costs & Profitability-ARV: $450K-Purchase Price (financed): $170K-Repairs: $150K-Holding Costs & Financing: ~$20K–$30K (insurance, taxes, utilities, interest, etc.)
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23 January 2025 | 5 replies
There are two reasons this is a bad idea.Investing with an SDIRA (assuming it is not a Roth) will often result in paying significantly more taxes.