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13 May 2024 | 4 replies
Looking for advice on how to maximize tax benefits on an upcoming conversion of my primary home to a long term rental (temporarily).
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14 May 2024 | 31 replies
Financial due diligence is also key; calculate all potential costs and expected income, including mortgage, taxes, management fees, and maintenance.
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13 May 2024 | 5 replies
The best part about it is it's easy to tag your transactions for each property with categories that sync to your Schedule E for taxes, making tax prep super easy.
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14 May 2024 | 2 replies
Long-Term: Appreciation, loan amortization, potential tax benefits, and housing expense savings.I'd say the unexpected benefits of learning property management, deal finding, project management, renovations, and DIY-ing were more impactful than I initially thought.
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14 May 2024 | 201 replies
My debt/income ratio is lower than it really is because I own alot of rentals so for tax purposes and depreciation, my taxes dont show the whole real picture.
14 May 2024 | 2 replies
Your monthly payment will be $15,000 and doesn't include taxes or insurance.
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13 May 2024 | 2 replies
Can they be used to cover or prepay the property taxes?
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13 May 2024 | 6 replies
If you finance at 25% down, 25 year amortization and a 7% rate you will not cover mortgage and interest let alone insurance, taxes, vacancy, repair, etc.
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11 May 2024 | 7 replies
I would call at least one prior landlord reference but you may find they don't respond so you may need to call a few.
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13 May 2024 | 3 replies
You also need a tax professional on the project to make certain you obtain every possible, available benefit from the certification.