Gagan P.
Water Heater Replacement rules
Anybody know the rules for replacing water heaters these days?Had a company that AHS sent over last year that replaced a heater, no issues.Different tech this year, same subdivision, different property, same setup (no...
Eric Lee
Passive loss carryover, should it be minimized?
Hello,
We are learning more of the in's and out's of depreciation, trying to decide how to handle depreciation on some properties.
Basically:
* Our AGI is past the point where we can deduct any passive loss carryo...
Giancarlo Ameglio
HELP WITH MOBILE HOME PARK PURCHASE
Hello,I am analyzing a deal for a 5-unit mobile home park. It is going for $170k and it's generating $3000 in revenue. It has the potential for small improvements like designated parking areas and fenced patios. It a...
Matthew Newsom
Is house hacking still going to work for people in Gen Z ?
I'm shooting to get my first house in a few years and was interested to see if it's still easy to cash flow off of a house hack in 2024?
Sean McDonnell
STRs in Mountains vs Beach Towns
There has been a lot of talk recently about short term rentals in mountain vacation towns (thanks @Avery Carl - but really your episode was awesome) but are there a lot of you who invest in beach towns? We own two bea...
Tyler Kavan
What are rental write offs?
Hello All,
I am closing on my first rental property this week and am extremely excited to get started. I am trying to prepare as best as I can before closing to get everything setup as needed. Once the property is mi...
Andrea Ruiz
How to market rental property
Hello all, I posted my property on Zillow, Rentredi, Facebook, and Trulia four days ago and I haven't received a lot of inquiries. Typically within how many days should I start to worry? Where else should I post or wh...
Tom Fenoglio
CPA & Attorney referreal for out of state investing
I will be investing from out of state (I'm from Argentina). I'm looking for an attorney and a CPA who could advise which direction to take with the LLC setup.
I will be investing:
Real estate - I will buy 1/2 renta...
Michael G
Ultra-basic tax example
Hello friends,
As I get closer to buying my first rental unit, I am thinking more about taxes. I know depreciation can be used to offset rental income. I have a few questions about what the government considers incom...
Bryce Till
Taxable Rental Income From Primary Residence
BP, I live in Utah and wanted to get some opinions and insight for the below inquiry I will have to include rental income from my spare room in my primary residence. I want to know how this will look on my income ret...