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4 May 2024 | 15 replies
You can keep chasing it, but that’s a judgment call.
4 May 2024 | 3 replies
Unsuccessful Property Search: Hours spent on unsuccessful property searches, where no purchase is made, do not qualify.On-Call Periods: Instances where you are on-call but do not actively perform work do not count towards material participation.Meeting Requirements:Maintain Detailed Records: Keep accurate time logs and records documenting your involvement in material participation activities, supported by evidence such as emails and calendar appointments.Seek Professional Guidance: Collaborate with a qualified tax professional to ensure compliance with IRS regulations and to optimize your material participation strategy.I hope this high-level overview gives you insight into what activities matter and ones that do not.
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3 May 2024 | 12 replies
I have a free and clear, rented property I intend to keep for now, but want to get a loan to pay off another property's loan to 1031 it with no mortgage balance.
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5 May 2024 | 19 replies
And if you don't know what you're doing, it is easy to keep sending money down the drain without getting leads.
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4 May 2024 | 3 replies
Zoning laws typically want to keep single family neighborhoods as single family neighborhoods.
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4 May 2024 | 4 replies
I have a contract for deed right now where I am getting fined on a daily basis because borrower has junk in the yard and I keep getting fined because I am on title but I have no way of cleaning it up as I cannotNow say I own other assets in that county I will.
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3 May 2024 | 12 replies
It is really important for us to keep the units booked to cover the monthly overhead (higher monthly rates to cover the 4th unit not being rented).
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4 May 2024 | 10 replies
So here are some facts;We own two stilt houses (4bed/4 bath) in ocean lakes.wr average between 135-160k in the two combined.The amenities are ALL allowed to be used by any guest(s) that stays in our homes.Ocean lakes is a resort and campground - it is secure in it's ability to keep its str usage and zoning due to same.you dont own the land.
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4 May 2024 | 4 replies
This can help keep you in a lower tax bracket each year, potentially reducing the total tax you pay.