Mike Auguste
The Augusta Rule - Tax Free Rental Income
16 April 2024 | 0 replies
The Augusta Rule, known to the IRS as Section 280A, allows homeowners to rent out their home for up to 14 days per year without needing to report the rental income on their individual tax return.Originally created to protect residents of Augusta, Georgia who would rent out their homes to attendees of the annual Masters golf tournament, the Augusta Rule applies to any taxpayer who owns a home in the United States, provided that your home is not your primary place of business.How Does it Work for the Homeowner?
Justin Fox
New modular home for LTR
18 April 2024 | 11 replies
Looking for anyone who has any experience with getting a new modular home to put on land I already own.How does financing differ and who did you go through in the Western NC area specifically.
AJ Wong
Would you sell a house for Gold or Bitcoin and how?
17 April 2024 | 5 replies
The primary challenges would be about the safety of settlement transfer for a physical currency transfer (like gold) and the specificity of timing and valuation of transfer in digital assets.
Eric Girard
I help regular buyers build real estate portfolios
16 April 2024 | 3 replies
Cash flow was around $350 per month.Step 2: Sold the condo using a 1031 exchange to roll over the taxes.Step 3: Bought a primary home in a LCOL city for $200,000 and rehabbed it.
Brianna Johnson
My mortgage has went up twice
18 April 2024 | 7 replies
You should be getting an annual escrow review showing new tax and insurance charges and how that affects your payments, usually you can either send the difference as one payment or they raise your monthly payments to cover it.
Cole Stamer
Ready to buy my first investment property
18 April 2024 | 6 replies
In Reno, NV, there was already a downturn that nobody noticed...We're just over the hill with somewhat similar dynamics but obviously a different market.
Gyn Samples
Newbie with an interest in investing into RV parks
18 April 2024 | 7 replies
We assume we need to find an agent that lives in the area we are looking for, but can the same agent help us look in other areas or do we need to find a different agent for that area?
Vasudev Kirs
LLC on existing property and future pre-approval
16 April 2024 | 1 reply
I am planning to buy a 4bd 3ba house as a primary residence and will be applying for a pre-approval soon.
Adam Querbach
Building a Tri-plex in Texas - W
16 April 2024 | 6 replies
There is street access because it's a corner lot.This would be my first new contstruction....my plan is to sell my current home (family issues, forced to sell) and move into one of the units as a primary residence for a year or 2 before leasing it.Question is - What is the order of operation to start the project...
William Coet
Seeking Knowledge: What Am I Missing Here? Mutlifamily VS. Certificate of Deposit
18 April 2024 | 3 replies
There are evidently a ton of investors that must have very different criteria for returns and underwriting!