
5 April 2024 | 9 replies
For the purposes of calculating the limited interest deduction, the total mortgage debt owed would include both the individual mortgage on Unit A and the owner's share of the underlying mortgage.So, the total mortgage debt owed would be $800,000 (individual mortgage) + $200,000 (owner's share of underlying mortgage) = $1,000,000.Therefore, the owner would be limited to deducting mortgage interest based on this total mortgage debt of $1,000,000, not just the individual mortgage.Thus, the deduction for mortgage interest would be calculated as:($750,000 / $1,000,000) * $40,000 = $30,000Therefore, in this scenario, the owner would be able to deduct $30,000 of mortgage interest for federal income tax purposes.

5 April 2024 | 5 replies
Regarding the taxation of proceeds (fees and interest payments) earned within a Roth Self-Directed IRA (SDIRA) account: Typically, earnings within a Roth IRA, including interest and gains from investments, are tax-free as long as certain conditions are met.

6 April 2024 | 46 replies
Good areas I've found include - Franklin, TN (not Nashville - litigation pending - too liberal & hostile to STR's.

3 April 2024 | 15 replies
Replacing consumables, broken or stolen furniture3.

5 April 2024 | 5 replies
Great information thank you and thanks for including the ordinance link as well

5 April 2024 | 12 replies
Be sure to include information about nearby attractions, public transportation, and local schools.Accurate information: Ensure that all information provided in your listing is accurate and up-to-date, including the rental price, property details, and availability.Timely updates: Keep your listing updated with any changes in availability, pricing, or property information.

5 April 2024 | 2 replies
I.e. land costs $50k, construction costs $600k (I am making up numbers) including builders fee.

5 April 2024 | 3 replies
Wholesale Deal under contract in Bryan ,txit is a vacant trailer on a lot both owned by the Ownerunder contract for 55k needs 10k to repair get it rented outall together 65k to get the property and get it operational investor next door door similar situation got the trailer and lot for 64k repairs included.

5 April 2024 | 28 replies
The problems began when the definition of squatting was extended to include occupying buildings, not just vacant land.

5 April 2024 | 1 reply
Before diving in, it's crucial to grasp the basic types of real estate investments:Residential Properties: Investing in homes where people live, ranging from single-family homes to multi-unit apartments.Commercial Real Estate: Involves properties used for business purposes, such as offices, retail spaces, and warehouses.Industrial Real Estate: Includes manufacturing buildings, storage units, and distribution centers.Land: Buying undeveloped land with the prospect of future development or resale.Step-by-Step Guide to Starting in Real Estate InvestingStep 1: Education and ResearchThe foundation of successful real estate investing lies in understanding market trends, property valuation, and the economic factors influencing real estate prices.