22 January 2025 | 14 replies
Quote from @Zara Massoud: Your new PM is correct and the old ones were wrong.The property manager must have your social security or tax ID number on file.
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15 January 2025 | 5 replies
Hi! I have a short term rental property. It's a 5th wheel located at a campground. It does not get moved. Will the RV be depreciated at 5 years or 27.5 years? I am unable to find anything giving me a for sure answer. ...
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24 January 2025 | 5 replies
What are the tax ramifications of a sale, if any?
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27 January 2025 | 3 replies
-Management is low - you'll need at least 10% plus leasing costs - typically a month's rent for each lease-up, and sometimes a renewal fee as well-Insurance seems low-Are taxes accurate?
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27 January 2025 | 6 replies
@Michael James Hamlin I'm a former tax accountant/business consultant turned fix n flipper and investor friendly agent.
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30 January 2025 | 11 replies
We have sold (tax free), kept as long term and/or short term rentals as well.
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21 January 2025 | 7 replies
Use umbrella insurance as an additional safeguard, especially if you opt not to form an LLC.Avoid S-Corp taxation for rentals, as rental income is passive and not subject to self-employment tax. S
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9 February 2025 | 32 replies
Originally posted by @Duane Alexander:Can resimpli replace propstream to look up property information like remaining mortgage, tax information, liens, mls history, mortgage transaction history, etc?
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25 January 2025 | 4 replies
There are auctions to sell cars, police auctions, tax impounded auctions, antique auctions, etc.
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4 February 2025 | 12 replies
In some cases interest paid on the HELOC can be tax deductible if the funds are used for home improvements.Best of luck from Fort Worth!