Sanjay Singh
Thoughts about Indianapolis
16 December 2024 | 11 replies
The county discovered I was renting out my home and property taxes more than doubled (lost homeowner and two other exemptions).
Brett Jurgens
Best way to use built up equity?
22 December 2024 | 23 replies
This exemption can be used every two years.A great wealth-building strategy is to House Hack every two years, live in each house for at least two years, and then sell older House Hacks before the 5-year mark.
Jewell Arceneaux
Attention Investors: Scale up starting with FHA
14 December 2024 | 6 replies
HI Jewell,If you were to use FHA again, this could trigger the FHA 100 mile rule + 1.75% upfront fee, however with a few exemptions Indeed FHA allows you to put 3.5% down payment to invest in 1-4 units.
Joel Arndt
Master Lease Agreements in Ontario
10 December 2024 | 5 replies
From your knowledge, does a Master Lease Agreement in Ontario make you exempt of that law?
Kylie A.
Creating a Nonprofit
6 December 2024 | 4 replies
After incorporating you'll want to then file for a tax exemption with the IRS.
Jared Basker
Renting vs Selling/Transferring Home to Family Members
10 December 2024 | 3 replies
That means either you won't cash flow or your Return on Equity (ROE) will be terrible.Since this is your primary residence you'll be exempted from paying capital gains taxes when you sell.If you sell to your parents, it will be considered a non-arms length transaction and will get closer scrutiny.
Maria Jeanette
Advise on leveraging a Self-directed IRA to purchase real estate
9 December 2024 | 11 replies
Also Solo 401k is exempt from that tax if you qualify instead of using SDIRA.
Armando Carrera
Should I be protecting my investments?
4 December 2024 | 4 replies
You can - 1) establish a trust for asset protection, 2) utilize the Homestead Exemption for property protection, 3) consider tenancy by the entirety for marital property (this might just be applicable to California, my home state)4) make sure you have adequate liability insurance for additional protection, 5) think about forming a business entity to shield assets, 6) and have proper estate planning for asset distribution.Seek tax and legal advice from experts in your state.
Daniel Hartless
Low down payment for part time occupancy
3 December 2024 | 4 replies
This would lower your down payment requirements, lower your interest rate, lower your property taxes, and MAY make you exempt from state income tax.
David To
California call for class action lawsuit on Eviction Moratorium
14 January 2025 | 329 replies
The bill declares that: It shall be unlawful to terminate all tenancies based on a failure to pay rent.No court will award possession and no tenant will have violated the unlawful detainer law for failure to pay rent within ninety (90) days from the end of State of Emergency’s (the end is unknown and cannot be determined at this time).There shall be a blanket exemption for all tenants regardless of their employment status or financial ability to pay rent.Tenants who receive guaranteed government payment or rent subsidies can also stop paying rent.