24 December 2018 | 6 replies
After 10 years:OZ is worth $110,462 at 1%/yearNon-OZ is worth $134,391 at 3%/yearLet's say you ended up falling in the 15% bracket:OZ profit is $10,462Non-OZ profit is $29,232 after taxes.And don't forget under current tax law you don't pay CG on the first $38k anyway ($77k if filing jointly).
26 December 2018 | 15 replies
Apparently you didn’t get these changes in writing, and you don’t know your own state lien laws and procedures.
21 December 2018 | 9 replies
The bank appraises the fence for $10,000, but the new buyer gets to start depreciation over for $15,000.What you're referring to as the 20% deduction in the first year, is what's called 100% Bonus depreciation , and is a new law passed with the TCJA tax reform.
19 December 2018 | 7 replies
Its 715sqft large open space (previous garage converted into mother-in-law suite/studio), with a full kitchen and fairly nice appliances as well as a full bathroom with a large walk in shower.
19 December 2018 | 2 replies
We are house hacking with a mother in law apartment in our basement.
20 December 2018 | 4 replies
Once a law suit has been filed it is illegal to transfer properties.
22 December 2018 | 8 replies
As far as the lease goes I wouldn’t worry much about that translation concern because immigrant tenants don’t usually follow the terms of their lease anyways !
19 December 2018 | 6 replies
As an OOS investor, you want to invest in markets that have low property taxes, landlord-friendly laws, and a growing economy(more rental demand).3.
26 March 2019 | 14 replies
I'm also sure there will be cities that set up rules/laws correctly and will be able to take advantage of this new business model and really rake the tax dollars along side the owners that are bringing in good money.
21 December 2018 | 20 replies
Until I have the money to jump in, I'll get my relator license and learn as much as possible about laws and rental properties.