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Results (10,000+)
Kyle Fitch How Long to Reach $ 1 Mil Net Worth
25 September 2024 | 22 replies
They just expect it to support their lifestyle once they stop working along with some tax deductions
Adi Prasad Seller Financing Advice
24 September 2024 | 8 replies
On a related note, and I am running it by my CPA as well, but was just curious if anybody had issues deducting interest paid on seller finance deal?
Josh Young Buy and Hold "the best strategy for building long term wealth"
24 September 2024 | 7 replies
It could help accelerate depreciation deductions, especially with your mix of single-family homes and duplexes.
Mike H. Is right now one of the worst times to be a real estate investor?
27 September 2024 | 66 replies
If you have 80 some rentals already that you bought years ago, I am guessing that the depreciation deductions are running a lot lower now for those units and you're probably paying higher taxes. . .
Colt Clark gift baskets for first time tenants
23 September 2024 | 19 replies
Each year at renewal we ask them what we can do to make their place better, maybe painting a room, installing a new fan,  .. anything up to $200,  so they tell us what they want, and it's fully tax deductible.  
Randy Winzeler Tax Pro help: Benefits for Buyer of an owner financed multi-family?
20 September 2024 | 7 replies
You are eligible to deduct the interest regardless of the type of loan(Bank or seller financed).Best of luck
Melanie Baldridge One of the most tax efficient ways to build your wealth
20 September 2024 | 9 replies
I assume you deduct it over the next 5, 7.5 and 15 years?
Tasha Smith Inheriting 2 leases for Duplex - Security deposit + Lease guidance
21 September 2024 | 3 replies
Make sure the deposits are transferred and not deducted from purchase price, otherwise you will need to come out of pocket when tenants move out.You should also make tenants and landlord sign an estoppel agreement, which outlines important items and agreed to, so the tenant cannot claim to have a huge deposit later or claim that the prior owner gave him ownership of the shed in the backyard.
Robin Thornton What Is A Good Amount To Have In Reserves?
22 September 2024 | 13 replies
@Robin Thornton Whatever calculation you decide, make sure to include your insurance deductible on top of whatever you budget for repairs or vacancy loss.
Anthony Silva STR Tax Write Off
18 September 2024 | 9 replies
What others have said but additionally, pretty sure meals are only deductible at 50%.