MJ Jav
300K..Invest in San Antonio (TX) or Raleigh (NC)?
26 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 200-300K (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?
Henry Hsieh
Strategy question - House flipping / long term hold / cash out refinance
26 February 2024 | 1 reply
From paper this looks good, but even with that, wouldn't the tax kill all of this effort if I also gone this direction?
Ashley Rice
Purchasing LLC Sub To
26 February 2024 | 0 replies
The first two years of taxes were paid but the most recent was not.
Tyler Sherman
Carry forward suspended losses
26 February 2024 | 4 replies
@Tyler Sherman review Form 8582 in your tax return.
Justin Brown
House hacking excel sheet
26 February 2024 | 8 replies
@Justin BrownThe only thing I would add, is the house hack strategy's underlying timelines is long term.Do play out the next 5 years with cost, rent, and appreciation increase.Don't forget the tax advantages as the cherry on top.
Michele G.
Selling furnished multi unit
26 February 2024 | 4 replies
In our contracts, there’s a paragraph that says whether or not the buyer plans on living there as their primary residence, for insurance and tax reasons
Bryan O.
Property Manager in Davenport, IA
27 February 2024 | 32 replies
I've been a licensed CPA in IA for the past 5 years and started my own tax and accounting company as well in 2017.
Jason Piccolo
Washington DC Hotel Restaurant Investment
26 February 2024 | 2 replies
We made the initial investment back in 2017 utilizing notes to avoid paying UBIT tax getting a fixed rate of return and equity upside.
Whitney Leighton
Mortgage points paid on rental property
26 February 2024 | 1 reply
This deduction is typically claimed on Schedule E of your tax return.Points Paid for Refinancing: If you paid points to refinance your rental property, you usually must deduct the points over the life of the loan.
Josh Belgard
HELOC AIO All In One
25 February 2024 | 25 replies
(BTW, I have excellent creditworthiness). 2) Tax confusion: The interest expense might be tax deductible.