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12 February 2024 | 3 replies
I understand you can look at Zillow and leverage public county tax databases to find semi-accurate property tax numbers with comparables.
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14 February 2024 | 1 reply
Plenty of other circumstances where this might be needed....bankruptcy sales, tax valuation suits, probate disputes, sales in business breakups, Treasury department sales.Hope that makes sense.
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12 February 2024 | 5 replies
What are all of the possible tax deductions when claiming a rental property?
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12 February 2024 | 2 replies
Airbnb issued me a 1099-K tax form, indicating I meet the threshold for gross rental proceeds paid by guests.
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14 February 2024 | 13 replies
I like Texas, but the only thing that holds me back is the higher property taxes compared to North Carolina.1- Money: ok to spend ~300K (prefer to put only 20-30% down) and invest in a couple of properties than buying one in cash2- Prefer cash flow (of course, appreciation would also be great)3-Prefer SFH over duplex just because with SFH (in a good neighborhood), I probably would have less headache and dramaHere are my questions:1- Which city do you invest in and why?
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14 February 2024 | 2 replies
CPA advised us to start at LLC and buy our primary residence as an investment property and rent it to ourselves for tax benefits.
14 February 2024 | 2 replies
•Best For: Investors looking to potentially secure a lower mortgage rate while accessing equity in a lump sum.Key Considerations•Interest Deductibility: Interest is generally tax-deductible when used for buying, building, or substantially improving a rental property, for all three options.
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13 February 2024 | 5 replies
But we are missing expertise the maximise our current and future tax position.
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14 February 2024 | 0 replies
Some of the benefits of investing in real estate are given below:Investing in a tangible asset that has historically appreciated over timeSpread risk by diversifying your portfolioIt can be a source of passive income, with minimal effort through short and long-term rentalsReal estate investment properties have typically been resilient against inflationDepending on investment type, tax benefits can be availedThanks to these (and more) benefits, you’d think investing in real estate was a no-brainer, and in most instances, you’d be right!
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14 February 2024 | 2 replies
Or is the tax implications of higher valuations cancel the positive effect?