
5 May 2024 | 1 reply
I know that the property taxes are some of the highest in montgomery county and that this is not a desired characteristic of a market that is supposed to be good to invest in.

5 May 2024 | 1 reply
Which is about 3 months of rent but i can deduct thay in my taxes against rent.Or are you guys using Heloc as I won't be able to deduct that from my rent is what I read.Also is there a better way to find lender with less fees for closing for cheap investment rentals.Currently I have 5 rental. 2 with personal home mortgage and 3 paid cash so no mortgages.

6 May 2024 | 11 replies
I bought a SFH in Canton Ohio last year with the goal of making it a MTR due to the location (STR is NOT an option due to regulations but it is close to various hospitals) and the 4-car garage (makes for a lot of options).Long story short is I quickly acquired 2 other properties right after and spent all my focus setting these 2 properties up for doing the STR loophole for tax purposes (which was a complete success!).

6 May 2024 | 8 replies
Best part, their client was self-employed and submitted fraudulent tax returns (yes, we proved the fraud with an IRS Form 4506).Even though ALL PMCs were slammed in this post, we're not going to slam all agents.

3 May 2024 | 1 reply
Hello guys,I keep hearing that as a real estate investor you get tax deduction, depreciation asser, and no one tax you on debt.

5 May 2024 | 2 replies
Many don't know about the tricks we can use when it comes to STR and even most real estate tax loopholes.

5 May 2024 | 9 replies
Insurance may be 1.25-1.5% of the value of the house. taxes are low.On the operating cost side, electricity may cost double what you are used to.Just my thoughts.

5 May 2024 | 8 replies
If you worked with a quality firm, they should be able to assist you with questions about the mechanics of moving funds around.The bottom line is that if all accounts are held in the name of the LLC and associated with the LLC tax ID, they are interchangeable - kind of like different drawers in the same desk.If the relationship with Stessa is in the name of the IRA owned LLC, you should be fine.