Hi everyone,
So I understand the basic concept of a subject to agreement, where the seller agrees to sign over note or deed to the buyer, and the buyer begins making payments to the existing mortgage in lieu ...
Hi everyone!We recently had our tenants give us 30 day notice (August 31 is move-out day). The tenants are responsible for mowing the grass and have not done so since giving us their notice. Today, we noticed they mov...
Hi guys,I'm very confused as to whether or not I am qualified for a HSA account. I have a subsidized family obamacare plan that has the following deductibles:$2450 per member$4900 per family My health care plan does n...
I am currently house hacking and renting out a couple bedrooms to some Navy friends but do not have them under a rental lease, however, I collect rent on a monthly basis. I am not sure of how this will affect my taxes...
First off, I have already contacted my CPA and am waiting to hear back, but thought I'd ask this crowd to see if there is anything to add-My group plans to sell off some rental properties over the next few years - the...
Hi everyone,My name is Nate and I am just coming up on my first year as a short term rental owner and have filed an extension on my taxes with the CPA, but I get the feeling that he doesn't know what he's doing with r...
Long time lover of real estate but relative newbie to investing. It’s tax Season and in doing our 2019 taxes I asked about strategies for reducing taxes. I made just shy of $100k last year and want to start investing ...
I bought the first house in CA ( Contra Costa) - 350k.I'm working as a full-time employee, software engineer, making around 126k per year.How much I can deduct:1)interest (1st year is about 9.5k interest payments). 2)...
It appears from some reading that different entities are able to claim different business expenses against income.Can someone explain the differences in the allowed business expenses that can be deducted when using LL...
Hey everyone,If one does not form an LLC and still invests in RE continually under their own name can they still write off travel, hotel stays, meals, educational material, seminar attendance costs, purchase of a car,...