Can I deduct my HELOC interest on my schedule E? The HELOC is on my primary home and I have used the money for investment properties nothing personal. From what I understand, most people deduct it on their schedule A ...
I live in California and I have a tenant who has lived in my duplex for 20 years. The windows in the unit are older windows that I have not upgraded yet. Her co-tenant locks himself out all the time and climbs thro...
I am managing 4 rental properties that me and wife owns. All of them are LTR, I do have a full time job so this is something I do outside of that.
Regular activities include yard work, small repair & maintenances...
NEVER CONVERT CASH in YOUR IRA or 401K into ROTH!!!
Here is why. If you do so - 100% of the cash converted is taxable. There is a much better alternative!
The alternative is to set up a self-directed IRA, or better,...
Help! I know property insurance has gone up in certain locations such as Florida. But, our property Insurance has gone up across the board, across multiple states and in multiple asset classes including single tenant ...
Good evening everyone. I'm I the process of closing on our first property through the VA. My question is Are there any tax breaks with purchasing a home. Being this will be a one year owner occupy before we can rent i...
Is it legal to transfer your property to an LLC you own, then have that LLC rent it to yourself?
The intent is to separate it from the payment (assume the lender will go along with it; i've talked to them, and they w...
I am looking to hire my 7yo son as a household employee. Mainly Supervising his 2 year old sister while were home so we can complete tasks such as cooking and laundry.
I do not own a business. Am I able to do this ou...
I am looking to sell a small commercial office condo unit (1728sf) in California. I received two offers one all cash for $609k and the other $625K with $315k down payment and then 5% owner financed over 5 years. I wa...
I have three 30 year mortgages:My home: 4.125% with 450k owedInvestment Prop #1: 4.675% with 325k owedInvestment Prop #2: 5.25% with 309k owedI can start paying down principal but should I pay off my home or investmen...