Hi guys,I never claim my home office on my taxes and I was thinking that when I have an audit, and the audit finds something, then I can use the unclaimed home deduction to offset it.But then Ive heard that some deduc...
Hi all - my wife and I are planning on a April 2025 1031 exchange into a larger (for us at least...like 5-8 units) multifamily unit. An idea we have is, I am burnt out from W2 life, and wife makes great money (+$300k)...
I’m looking at houses and prices but don’t know if I’m getting a great deal I’m looking at what other houses in the neighborhood cost but just don’t want to put my hard earned money in to something that not going to w...
Hey guys, thanks in advance for any advice. I'm looking to house hack my first multifam property as a buy&hold in the Milton/Pensacola, FL area. First post so apologies for missing info and/or formatting. Purchase...
Wondering if anyone has made a deal before a house goes to a tax upset sale or auction. What snags did you run into?
Newby here. I find myself in an envious position, and was hoping to get some seasoned feedback on what to do. I have a house that I bought for my parents years ago in NC (3bed/2bath). The mortgage was for 100K, with 1...
Question for you very experienced BP members:I've had a potential deal come across my plate, and it's a little outside of my usual multi-family strategy -- total of 9 MF units and another 9 MF units under contract wai...
Hi everyone, I'm a rookie, trying to validate the following hypothesis...To offset W2 income, buy an STR (have rentals of avg 7 days or less + use my 100+ hrs/yr to manage property) THEN use cost segregation + depreci...
I have read through the past posts and there are tons of opinions. Wanted to get some updated feedback. Seems like everyone has this need and there isn’t a home run software out there.
What are you using to track r...
I missed filing homestead exemption in year 2020 due to lack of knowledge(I was thinking I couldn’t file exemption in the same year of purchase)Due to that my property value increased a lot in this year. I applied for...