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30 November 2022 | 13 replies
As I understand it, if you have considerable hours managing your own property (I think it’s currently 750 hours per year) you can claim real estate professional and take losses against w2 income.
27 November 2022 | 10 replies
$7 trillion in stimulus, loose monetary policy, going to war in Ukraine, tariffs, limited drilling, and 5-10 million fewer workers (limited immigration for 1.5 years, mass early retirement during the pandemic, added deaths, millions more on disability with long covid or claims of it).
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14 December 2022 | 3 replies
., it doesn't seem so, but...I also know there's a legal option to let the tenant break the lease without penalty and move somewhere else, but they may not want to depending on the situation.I do have a somewhat vague, but contradictory clause that waives my liability for all uninhabitability claims in the lease.
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27 December 2022 | 15 replies
Similarly, AirDNA claims a 60+% occupancy.
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9 January 2023 | 11 replies
Looking for anyone who has a duplex that is mix of STR & LTR and claim material participation for the STR side for the "STR loophole" to offset active W2 income?
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21 December 2022 | 7 replies
House hacking best suits my personality but would love to branch into BRRRR One idea my brother suggested is to quit claim the properties onto a LLC have the reported rental income pay us back at the end of the year.I had an idea on opening a HELOC from my mothers primary residence (House) and using the credit on repair cost on the 5 mobile homes and rent them at fair market price.
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2 January 2023 | 29 replies
@Andy VasquezWhy can’t he simply do a Quit Claim deed to the LLC?
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5 January 2023 | 10 replies
You can go after them in small claims court, don't waste the energy.
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27 December 2022 | 4 replies
I already filed a claim with my insurance.
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5 August 2018 | 2 replies
Or quit claim deeds) Family dynamic wise?