How does the tax-deductible work in this situation?

How does the tax-deductible work in this situation?

It appears that you have already acquired significant expertise in renovating an asset.Looking through the BiggerPockets forums is a great way to meet others who share your interests and learn from seasoned investors.

HJTA is sponsoring an effort to fix California’s Prop 19 by restoring the ability to transfer property to children upon the parent's death WITHOUT reassessment and WITHOUT the often HUGE increase in property tax.

If you're looking for a landlord friendly state with lower taxes and a market with lots of potential for appreciation, Columbus could be a good fit.Best of luck as you start out! 

I'm still learning about this type of lending but the appeal to me is that they don't consider personal income or tax returns, it does not need personal debt-to-income ratio qualifications, it's collateral based borrowing..

Judicial,Collateral,Unsecured,Secured,Seller,Syndication ~ confirmed Mortgage Brokers (sophistication, in lending terms) "15% ROI Margins" ~ confirmed ROI unknown tho…Tax attorney(Roth,Judicial, Sophistication) "10% ROI"  Unknown*Accountants (how much and where Terms infrastructure legalities) 7% ROI Unknown*Mortgage broker (lending acquisition all major lenders ,TD,RBC…….

Tax free money is always something to consider and even BETTER than a 1031 exchange which only defers taxes.

Setting up a separate bank account is also easy and free in many situations, this will allow you to keep things clean especially at tax time.

My concern revolves around potential increases in taxes or fees for owning an investment property in NY while residing in FL.