As a leader of a REIA one of our local attorneys sent me an update on dealing with tenants.
It was KC specific and I am sure if you are in KC, you have an email from me sitting in your in box.
But the important i...
The Biden tax plan would: (1) eliminate the $25,000 exemption from the passive loss rules for rental real estate losses incurred by middle-income individuals, (2) eliminate Section 1031 like-kind exchanges that allow ...
Has anyone borrowed from their life insurance policy or used it as collateral to invest? I've had a few people that said this is a great strategy and to make sure I have the policy setup correctly. Working on getting ...
Can I deduct passive RE losses from nonbusiness income?? I was not aware of this. Is this true??? See section in bold/underlined belowBelow is an article from the Washington PostTax change in coronavirus package ove...
I just sold most of my stock in one of my SDIRA accounts and purchased 2 condos that I plan to rent out. One condo is currently vacant and the other is occupied. I have an LLC set up for my other privately held proper...
Hello Everyone,I am a new real estate investor. I just bought my first short term rental in Pigeon Forge, TN. Things are going great but I have a couple questions on business structure and maximizing tax advantages.Th...
I bought my first home with an FHA loan. It was a modest 157k house, but I only make about 43k a year, plus I have about 26k in student loans and a 14k car loan, so my DTI is pretty tapped (I'm undoing and re-educated...
I purchased a property that is all one lot, but has a house and an automotive shop on it. The house is zoned residential and the shop is grandfathered as commercial. I have insurance separately on both. I have leased ...
When I had a traditional home back in the day that i lived in I just paid my home insurance that was bundled in with my mortgage payment... as a new landlord that is buying low income properties cash in higher crime a...
Hello I’m a new real estate investor. Last year I bought a large home to “house hack” meaning I lived in the house and rented out the other 3 bedrooms to friends. They paid me essentially under the table. Now I’m movi...