Eli Fazzo
Real estate investing in South Carolina: Worth it at 6% property tax?
26 December 2024 | 31 replies
@Eli Fazzo The 6% rate is a bit of a misnomer.
Michael Plaks
Crazy technicalities: how the IRS defines your age. Spoiler: it depends.
29 December 2024 | 1 reply
(i) has not attained the age of 19 as of the close of the calendar year in which the taxable year of the taxpayer begins, or(ii) is a student who has not attained the age of 24 as of the close of such calendar year.Here, in black and white, the law specifies that the determination is made as of December 31st and applies to the entire year.
Mike Richards
Deduct from rental income more than one year of Real Estate taxes?
31 December 2024 | 3 replies
If you pay two years' worth of property taxes in 2025 (January and December), both payments are deductible on your 2025 return, potentially reducing your taxable rental income significantly.
Jimmy Rojas
Roughly what interest rate and term am I looking at in my situation
10 January 2025 | 1 reply
Im self employed, roughly make $130k gross anually, 1099 NEC , no debt at all, 740 credit score. Want to get a loan for $250k in AZ
Marcus Auerbach
Mortgage rates going up.
24 December 2024 | 25 replies
The Fed rate cuts will eventually help bring down mortgage rates.
James Wise
Why do people Buy Property in California
22 January 2025 | 203 replies
Fun fact: cash flow is taxable, while equity appreciation is not.
Julio Gonzalez
Cost Segregation FAQ
31 December 2024 | 3 replies
By accelerating your depreciation schedules, you reduce your taxable income which in turn increases your operating cash flow.
Grace Chee
Appeal property tax increase in FL
27 December 2024 | 7 replies
Since we pay taxes in arrears, the appeal process must move along quickly as they are payable in November (at a discounted rate).
Joe Au
Use HELOC to paydown mortgage fast
11 January 2025 | 420 replies
Check with your tax professional about your ability to deduct the interest on a HELOC from your taxable income.2.