Julio Gonzalez
Top Home Tax Deductions
20 November 2024 | 2 replies
🌞6️⃣ Rental Income Deductions: Earn income & deduct related expenses.7️⃣ Home Equity Loan Interest: Deduct interest if used to improve your home.8️⃣ Military Moving Expenses: Active-duty?
Jonathan Chan
Thinking of becoming a private money lender? Vet your borrower properly!!
25 November 2024 | 16 replies
Although I am not sure how to enforce this one, there should be active, on-going communication from the the borrower to the lender .... as one would expect from a GP/Operator to the LPs in a private equity syndication.
Kenneth Johnson
Literally any advice to getting started would be appreciated.
18 November 2024 | 12 replies
Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.
Michelle Sharko
Home equity loan
19 November 2024 | 6 replies
Meaning its a full documentation loan and you will need active income to qualify and only can go up to 50% debt to income ratio.
Griffin Malcolm
Are Solar Panels Worth It?
5 December 2024 | 34 replies
If there is an active loan or lease, I've heard it has become a nightmare for listings.
Sarah Rhee
Significant equity in two homes, stuck on what to do next, recently lost a job
23 November 2024 | 5 replies
You can also get into more active strategies like STR and rehabs, but the work required to get in this is significant and at that point you might be able to just get a new role with the same pay with the equivalent effort.Is your entire industry in a hiring freeze or just your company laying off?
Nichole Kinard
What to do with 50 acres of rural land
21 November 2024 | 12 replies
The latter two are more semi-active income with some infrastructure buildout needed, but HipCamp has been pretty cool to the point we're making plans to add a few more campsites and some basic amenities.
Jaidan Lanier
Military VA Loan/Getting Started
20 November 2024 | 15 replies
I think for at least one of mine (it's been a long time) it was just a letter that my commander had to sign, basically saying I was in the military, behaving myself, and the Air Force wasn't trying to actively kick me out.
Ryan Leake
Navigating STR Loophole Tax Strategy: Success Stories and Cautionary Tales
18 November 2024 | 47 replies
Passive losses can only offset passive income or gain on sale from a passive activity.
David Cherkowsky
Do I need a partnership LLC to depreciate and write off expenses on a rental property
17 November 2024 | 30 replies
Active losses offset active income.