Jonathan Small
DIY or hire help for taxes?
23 January 2025 | 7 replies
A CPA can ensure proper filing of rental income on Schedule E and help identify tax-saving strategies, such as optimizing deductions for maintenance, repairs, and travel.
Eli Jerman
Taxes for 2024 - First rental property purchases in August 2024
27 January 2025 | 9 replies
You must report rental income on Schedule E and can deduct rental expenses like repairs, maintenance, property taxes, mortgage interest (allocated between personal and rental use), and depreciation for the rented portion.
Troy Smith
CPA tax advice.
9 January 2025 | 11 replies
(more legal fees, business fees vs. renovations).Research Points: §1.263A-1T§195(c)(1)Ervin E.
Roman Stefaniw
Arms length Mortgages/Private Lending
14 January 2025 | 15 replies
Reason being is that it allows you to invest in other products other than they offer, so that's why they don't promote these .
Madison Sloan
Newlywed rookies close-ish to first purchase
18 January 2025 | 9 replies
I did a quick check in SLC and while I couldn't find a duplex at that price point and what I did find was pretty far out from downtown, but would something like this: https://www.realtor.com/realestateandhomes-detail/141-E-Nort... be of general interest?
Joe S.
BOI injunction reinstated again today??
8 January 2025 | 9 replies
Fincen is trying to promote that if someone doesn’t want to file then they must be hiding something .
Alpesh Parmar
Need HELOC for a property under LLC
30 January 2025 | 21 replies
Thanks @Kerry Baird, I was talking with ridge lending and they have recently stopped the all in o e heloc product.
Nik Verret
Seeking Advice for Initial Bookings
7 January 2025 | 7 replies
For more bookings, consider promoting on social media or offering last-minute deals.Regarding ticket partnerships, local attractions or smaller groups might be more flexible than larger platforms like Xplorie.
Ryan Ruppert
Shopify for own STR website?
20 January 2025 | 7 replies
thanksRyan @Ryan RuppertShopify is a great platform for e-commerce, but it might not be the best fit for managing STRs in the long term.
Taylor McClure
I’ve heard of buying pre-foreclosures, anyone have experience?
15 January 2025 | 8 replies
Theres so many problems, this is a team deal scenario and one needs rules; never take a contract less then 7 days prior to the auction, and NEVER NEVER N E V E R close allowing the seller to stay in the house after closing.