Hello! I bought a house in Tinley Park in 2021. Current mortgage is 1748. Interest rate is 3%. I have renovated most of it (new hardwood floors, removed walls, paint, new banisters, furnace, roof, HVAC, cabinets, app...
http://iowahawk.typepad.com/iowahawk/2011/03/eat-the-rich.html
I hope I did this correctly- no techie here! The first part of this link is chatter, but then the yearly calendar is looked at in depth. If you're willin...
Good day all. A friend just got his unit appraised in Bahamas for $282,000. Take away closing costs, he’s left with $245,000 in his pocket. He’s offered it to me for $240,000 and i pay all closing costs, 13% on the $2...
Hi, I am Canadian investor in US real estate in Indiana State. My goal is to flip property under individual name. I am seeking advise of accountant familiar with foreign income tax in US real estate and have followin...
Curious on your opinions.
I've started my journey in the expensive Seattle market and found house hacking a duplex gave me a tremendous boost as my first property.
The top 10 advantages that played out quite well:
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I am looking for some help to clarify the way that income reported on my taxes will affect my debt to income ratio? It is my goal to minimize my income as much as possible using legitimate expenses and depreciation e...
Hi, I'm looking into purchasing another investment property in the Destin, Naples, or similar area this year to use predominately as a STR. My active income will be at its highest level this year, so the goal with thi...
Hey Bp,
I've recently began making an effort to ramp up my rental portfolio. Ive been meeting with a local lender I've used on several past projects. The particular project I’m having issues with is a SGL family I ...
Let's say you do a cost segregation study on a short term rental and with bonus depreciation you have a loss of $100,000. Does that roll over as a credit for future income or do the IRS actually send you a check?
So today I stumble upon something new that you the reader of this post probably learned years ago. I burn some time on YouTube watching videos on paying less taxes.One popular real estate youtuber grant Cardone says d...