If am lending personally am I able to write off taxes from the interest from the HELOC, or would I only be able to do that with an LLC or S-corp?

High-interest rates on credit cards can add unnecessary financial burdens, so it's advisable to have a clear plan to pay off the balance promptly.Considering an auto equity loan on your Ford Fusion or a home equity loan on the mobile home are worth exploring.

Hi all, I'm looking at a deal that's grossing $56,400 a year, with about 39% in expenses(factoring in new taxes).

Will change some of the accounting and tax consequences.

Can mess with your 121 tax exclusion at sale.I never held any residential RE in LLCs, just commercial.

(It doesn’t file its own tax return.)

Like for us in Oregon our customer service department when you ping them either call or e mail and ask for a TRIO.. within 30 minutes you get an e mail back with  copy of the assessor tax page showing tax info etc..

i'm figuring it being rural ok, enforcement of laws/codes/taxes etc is gonna be lax as it gets, but still.also how do the taxes work?

You should bet on all the other levers of real estate including the tax benefits, cash flow, mortgage paydown.

What kind of prompted this was she was trying to file a 1098 form for her taxes and wanted to claim the interest for the half that she has.