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3 September 2024 | 0 replies
There are some key limitations that are important:Passive losses can only offset passive income.Up to $25,000 in passive rental losses may be deducted against non-passive income if the investor actively participates and their modified adjusted gross income is below $100,000.Unused passive losses are carried forward to future tax years.Here’s an IRS article that further discusses the rules: https://www.irs.gov/publications/p9251031 ExchangesThis strategy allows investors to defer capital gains tax when they sell a property if they invest the sale proceeds into a “like-kind” property.
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3 September 2024 | 7 replies
A general credit line, on the other hand, could be secured by other assets or unsecured, and doesn't necessarily involve your home equity.HELOC Characteristics: - Uses your home as collateral - Usually has a lower interest rate than unsecured credit lines - Typically has a variable interest rate - Allows you to borrow up to a certain limit, repay, and borrow again during the draw period - Can be used for various purposes, including home improvements, debt consolidation, or as an emergency fund While it's possible to use a HELOC for RE investing or rehab projects, some lenders may be hesitant about this use.
4 September 2024 | 6 replies
I understand each city/county may have their own permitting requirements, fees, regulations, etc. but I'm wondering how people are making any return on their investment if it maxes out at 90 day rental.
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29 August 2024 | 0 replies
Investment Info:Large multi-family (5+ units) buy & hold investment.
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3 September 2024 | 3 replies
Hi Everyone, I hope you are enjoying the long weekend, I am from Regina, SK, And fairly new to Real Estate Investing.
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29 August 2024 | 0 replies
Investment Info:Single-family residence buy & hold investment.
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29 August 2024 | 0 replies
Investment Info:Large multi-family (5+ units) buy & hold investment.
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30 August 2024 | 1 reply
However, since you’re buying into a shared building, it’s equally important to request maintenance records and financial documents from the condo association.
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4 September 2024 | 5 replies
If a property appreciates at 3%, it is on the entire property, not just the cash invested.
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29 August 2024 | 5 replies
My boyfriend, Asa, who runs his own lawn care business, and I are looking to venture into real estate investing.