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16 July 2020 | 3 replies
I always get the max deductible possible (seems to be capped at $5k in MA).
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29 August 2020 | 4 replies
Basically, I believe how you take Title will dictate your deduction split.
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29 July 2020 | 11 replies
Once I had over a dozen SFRs I raised all the deductibles to $5,000 and increased the cash flow of the portfolio by several thousand dollars per year.
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19 July 2020 | 14 replies
I have also been told that as an individual, I can deduct the interest I pay on my Mortgage (which is a lot since I only put 3.5% down on the house) on my taxes, would I still be able to do this if it was in an LLC?
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21 July 2020 | 2 replies
The adjustor visited home and based on deduction and deprecation, 45% of the roof will be paid by LM.
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17 July 2020 | 3 replies
This is not needed for you as you meet 750 with just flipping. 2) Once you are a RE pro, you have to materially participate in the property to deduct the losses.
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18 July 2020 | 6 replies
If this is for repairs, sure but she can invoice you or deduct it from rental income.
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26 July 2020 | 6 replies
The whole acquisition / building phase won't be a deduction as it will be part of your cost basis for depreciation.Trying to pick your post apart in pieces..
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25 July 2020 | 15 replies
Now you have all the DMM marketing companies pushing the movement that lists are awesome and DMM is awesome and it seems they themselves aren't friggin capable to deduct and analyse using simply logic for Pete's sake.The result?
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31 July 2020 | 14 replies
They calculate it as what is is, and then deduct the mortgage will be if you buy the new property from what your DTI is now.