I will be closing on my first property in the last week of January. Do I have to pay for the prior year's property tax?
Newbie question here - I'm confused by the property tax input field in the rental property calculator. And the help text says it can be looked up the county assessor's office. If I look that up, it'll be the tax value...
I have a paid off house, should I put it into a s-corp? It’s currently making $42000/year. It has been fully depreciated. I’m looking for ways to save on taxes.
Hi friends, was wondering if anybody here built a simple Excel to do back of the envelope on a house hacking investment? including all the basic elements that drive value, e.g., - reduction in tax liability on rental ...
With a few money tips for 2024, you could take your savings to a new level this year. From investment fees to utilities, there are all kinds of everyday expenses that you might not have thought to slash!
Welcome ba...
Your tenant is breaking their landlord tenant lease agreement. What now? Do you go after the money or eat the loss? Depending on the amount, it may not even be worth the trouble. Either way, perhaps the more important...
Hello BP,I’ve read in a variety of places on these forums that it is financially more advantageous to own real estate in your own name as opposed to your solo 401k. Let it be said that I’ve primarily interested in sma...
I am fairly new to the corporate/business world. I have started my S-corp ~1.5yrs ago. I have definitely seen the savings as I had been able to keep a lot more of my money and tax savings under this new corporate sche...
I am in search of an ideal real estate investment strategy that aligns with my current circumstances. My initial understanding suggests that Short-Term Rentals (STR) might be the appropriate route for me, however, my...
Hi Tax Pros,I'm a mortgage lender. We kind of have a love/hate relationship, but I'm probably never going to ask you for any sort of letter "guaranteeing" that Sally's business is "guaranteed" to make $X00k/yr for the...