
4 April 2024 | 15 replies
Quote from @Chris E.: After years of being on the sideline, finally taking the plunge into real estate investing.

5 April 2024 | 9 replies
For the purposes of calculating the limited interest deduction, the total mortgage debt owed would include both the individual mortgage on Unit A and the owner's share of the underlying mortgage.So, the total mortgage debt owed would be $800,000 (individual mortgage) + $200,000 (owner's share of underlying mortgage) = $1,000,000.Therefore, the owner would be limited to deducting mortgage interest based on this total mortgage debt of $1,000,000, not just the individual mortgage.Thus, the deduction for mortgage interest would be calculated as:($750,000 / $1,000,000) * $40,000 = $30,000Therefore, in this scenario, the owner would be able to deduct $30,000 of mortgage interest for federal income tax purposes.

5 April 2024 | 5 replies
Regarding the taxation of proceeds (fees and interest payments) earned within a Roth Self-Directed IRA (SDIRA) account: Typically, earnings within a Roth IRA, including interest and gains from investments, are tax-free as long as certain conditions are met.

5 April 2024 | 12 replies
Be sure to include information about nearby attractions, public transportation, and local schools.Accurate information: Ensure that all information provided in your listing is accurate and up-to-date, including the rental price, property details, and availability.Timely updates: Keep your listing updated with any changes in availability, pricing, or property information.

5 April 2024 | 5 replies
Great information thank you and thanks for including the ordinance link as well

4 April 2024 | 11 replies
E property isn’t going to be occupied by someone paying more rent than your over market payment.

6 April 2024 | 13 replies
I do self manage my units, including my STR from out of state so it's definitely do-able.

3 April 2024 | 19 replies
Be sure to contact the CAD and have them update the mailing address once you have made a choice.

5 April 2024 | 2 replies
I.e. land costs $50k, construction costs $600k (I am making up numbers) including builders fee.

5 April 2024 | 3 replies
Wholesale Deal under contract in Bryan ,txit is a vacant trailer on a lot both owned by the Ownerunder contract for 55k needs 10k to repair get it rented outall together 65k to get the property and get it operational investor next door door similar situation got the trailer and lot for 64k repairs included.