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Renovating a house I bought in another state over several yrs, and they were hoarders. Little by little I travel there to empty it out and repair it with the intention of eventually selling it. Are the travel expenses...
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Would love some thoughts and help with my situation,
My wife and I make decent W2 income as our main source of money but we have two properties. 1 that is a rental, I have a property management company handling it,...
My wife and I are thinking of selling our primary residence in 2-3 years. we live here for 20 years. If the market continues the way it is, we are looking at a $1mn gain in 2-3 years. if we sell today, our gain is ...
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Hey everybody--first time here, first time posting! I'm running Cash-on-Cash calculations on a property i'm interested in. They all look good and correct, except for my worst-case scenario, when I assume all my units ...
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Hey everyone! What is your take on the housing market based on these graphics? Where are we heading? Based on the data, it doesn't appear that we have the same market conditions. I know everyone is worried about what ...
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I read through some of my tenant applications. I can hardly find tenants whose whole household meet all of the followings: good credit scores, stable 3 times income and reasonable reserve. I am wondering for these thr...
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If the legislation gets through, no debt will be accumulated for the tenants for next one year and the rent will be paid by Dept of Housing and Urban Development.
The key point to note here is the recent proposals f...
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Does this make sense? Say someone has a house worth $250k thats complete paid off, free and clear. They want to sell it and avoid some capitol gains. So they do a cash-out Refi to put a $200k mortgage on the property ...
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Besides the obvious write offs: gas, home office, etc. What are some of the worthwhile things you have bought that have a huge write off? At over 200k/year, with the progressive system your top end income is nearing 5...
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Colleagues and friends,The original GOP reform thread started by @Brandon Hall is well over 200 posts by now. This is one of the follow-up threads specifically for discussion of new creative tax planning strategies, i...