Hello Everyone !! First of all thanks for taking time to read and hopefully reply!Yes i know i need to speak to a CPA or a tax professional and the whole nine yards (I know and I will) with that said I'm looking for i...
I’m looking to purchase a duplex and can do a 30 year loan at 5.375% (monthly payment is $1114) or a 20 year loan at 5.0% (monthly payment of $945). Are there any tax advantages of going with the 30 year loan? I don’...
This may be a silly question, but when selling a home on lease option, would I as the owner/landlord still be able to take depreciation, and write off insurance, taxes, etc?Thanks!
Hello, hope you had a good day. I was wondering if there would be less taxes I would have to pay if I sold my cyrptos and used them to purchase and rehab a property. I know the government will tax me a greater amount ...
Hey Everyone, I am closing on a 5 bedroom single family home in Boston in two weeks. I plan to house hack with my friend (we will live in 2 of the 5 bedrooms). My question is - What is the best way to "hold" this prop...
Hi, Quick question on investing in motels. Does cost segregation and double depreciation apply to motel investing as well? I know for multifamily a general rule of thumb is roughly 35% of the purchase price can be dep...
I'm a huge fan of the Rookie pod. Bravo to Ashley and Tony for keeping that train moving with content that's consistently helpful and entertaining. Thanks to you both and all of your guests!I'd love to hear some thoug...
Hello! If you are looking to be a full time investor of rental properties, and you would like to get tax benefits, what route would be best to go? Would an LLC provide this for you? Or is there another route to go?
My business partner and I are evaluating the possibility of purchasing the home that one of us is renting, due to the owner needing cash.Can anyone provide a pointer/advice on the tax benefits of owner occupancy for a...
Hopefully anybody can help me understand this, I applied for a loan with a lender and looked at my 2016Tax returns and told me my dtir was to high, when he explained to me that my taxes showed a loss that on paper I h...