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14 September 2024 | 10 replies
So STR loophole there are personal use limitations: To avoid having the property classified as a "residence," which limits your ability to claim rental expenses, your personal use of the property must not exceed the greater of:14 days per year, or 10% of the total days the property is rented at fair market value
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13 September 2024 | 5 replies
I gave her a virtual tour of the property via Facetime tonight and asked her if she was ready for a Minnesota winter, and she told me she's actually from Minnesota and moving back home.
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13 September 2024 | 8 replies
In short, if I invest $100k on a new property for long term rental, I want to make sure that I can position the $100k fully as a business loss in 2024 reducing my total taxable income by $100k.
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12 September 2024 | 8 replies
I would like to continue to self-manage this property, but I am open to a management company.
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14 September 2024 | 2 replies
It's very user friendly and makes diy property management easy.
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13 September 2024 | 2 replies
Live in one unit , rent out other unit and accessory unit, mortgage on the property would be about $6800, rental income would be : $3000 from additional unit , and $1500 from accessory unit and I would be occupying one unit , leaving me at negative $2300 per month .
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13 September 2024 | 20 replies
You can create a second lien against same property, and substitute it for a down payment on the property you want to buy.
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6 September 2024 | 7 replies
I'm looking to transition into the world of property mgmt.I just passed my real estate exam, and now it's time to find a broker to hang my license with.
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13 September 2024 | 8 replies
@Michael K. do you have the property yet?
13 September 2024 | 5 replies
there are 2 liens already on the property - bank and a private lender.What are other recourses1.