@Justin BrownThe only thing I would add, is the house hack strategy's underlying timelines is long term.Do play out the next 5 years with cost, rent, and appreciation increase.Don't forget the tax advantages as the cherry on top.

In our contracts, there’s a paragraph that says whether or not the buyer plans on living there as their primary residence, for insurance and tax reasons

Hello everyone I'm 21 years old and decided to purchased an online course to become a real estate agent.This is my first post here and wanted to ask anyone what advice do y'all have for me, in becoming an agent or just any real estate advice in general, your tips and advice will go a long way and will be highly appreciated.Also I wanted to point out that my main goal is to invest into real estate being into rental properties, multi family and maybe fix and flip.

We made the initial investment back in 2017 utilizing notes to avoid paying UBIT tax getting a fixed rate of return and equity upside.

You are definitely creating a lot more tax liability than if they were to leave it to you at their passing.

This deduction is typically claimed on Schedule E of your tax return.Points Paid for Refinancing: If you paid points to refinance your rental property, you usually must deduct the points over the life of the loan.

(BTW, I have excellent creditworthiness). 2) Tax confusion: The interest expense might be tax deductible.

A friend on the HOA board tipped me off that she's being foreclosed on when the attorney reached out to the HOA to see if there were any past due dues.I was able to tour the property and made an offer that she soundly rejected.

I've been a licensed CPA in IA for the past 5 years and started my own tax and accounting company as well in 2017.

I would also appreciate and benefit from tax consulting along with general tax planning.