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26 February 2024 | 5 replies
I do this every year, caviat is that it must be a single member llc, then you can combine it with your w-2 and deduct losses from your taxable income.
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25 February 2024 | 3 replies
Question is, if it’s a back-to-back loan arrangement, will the interest part of the repayment be taxable income to me?
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25 February 2024 | 7 replies
Your local PHA may also have resources to help match landlords with eligible tenants.The PHA must approve the lease agreement, ensuring it complies with Section 8 rules and rent limits.Pros:Guaranteed Rent Payments (sometimes even 100% based on certain tenant criteria)High demand for Section 8 rentals, which can reduce vacancy periods.Many Section 8 tenants prefer to stay long-term, reducing turnover rates.Cons:Properties must meet and maintain HUD's health and safety standards, which can involve additional maintenance and inspection requirements.The PHA limits how much rent you can charge, which may be lower than the market rate in some areas.Tenants must qualify for Section 8 based on income level and other factors, which may limit the pool of potential renters.Dealing with government agencies can sometimes be time-consuming and bureaucratic.In summary, converting your home into a Section 8 rental can be a good strategy for attracting and maintaining long-term tenants due to the stability and reliability of government-backed rent payments.
23 February 2024 | 65 replies
If you actively participate in the rental real estate and meet certain criteria, you may be able to deduct up to $25,000 of passive losses against non-passive income, subject to income limitations.
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25 February 2024 | 28 replies
I am a 29 year old male, married, with joint income living in Dallas.
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26 February 2024 | 5 replies
These are also great, but are generally going to be on the other end of the affordability spectrum from the above, and the rents/incomes reflect that.Regardless even if the restaurant goes dark, there are a couple good things to owning a restaurant building.1) single tenant free standing building are the top of what retail tenants are looking for.
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25 February 2024 | 17 replies
On the application I did put a deadline for all applications and income verification.
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26 February 2024 | 2 replies
If inflation impacts your income, it should impact your expenses.
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27 February 2024 | 28 replies
From my experience, Aircover has been covering loss of income if there were bookings for those days.
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26 February 2024 | 6 replies
I no longer wanted to have a single source of income.