I have been hearing a lot about strategy where by getting into real estate one can benefit on tax deductions on high income 401k salary.How does it work?What real estate strategy works to our benefit ? How do you go...
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I was just doing taxes for 2018 and have noted something peculiar, most of my properties I self-manage. So I do pay monthly PITI and HOA fees. Then there are repairs, occasional utilities, and of course depreciation d...
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I live in Nevada and bought a little house in Mississippi in 2008 for $65K, as an investment. It has 2 BR/2Bth and I thought it would be a good investment because the price was right, it’s about a mile from the beach...
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Long story short, I’m in a position where I want to sell a few houses to pay off the debt on my portfolio of real estate. I’ve concluded that my only real option here is to bite the bullet and pay capital gains. Does ...
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I bought a restaurant building in March of this year. The building is around 10 years old. I used 1031 exchange to buy this as a replacement property - sold the original in Dec last year. My question is, do I have any...
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As a resident of the Gulf Coast of Florida (Bradenton) we just witnessed the strength of Mother Nature with the most recent passing of Hurricane Helene in the Gulf. Even though we did not get a direct hit we encounte...
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Hi All,two of my rentals insurance renewal is up in February and the renewal rates are coming very high. 25% increase in premium. I didnt have any claims on these houses. any good carriers in Texas that give competiti...
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Is it worth to take deductions if it does not change your tax liability?
Let's say my only income is 8000 for a home for the year. I get my standard deduction and end up not owing any taxes.
Is it over kill if I k...
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Looking for advice on how to structure a deal to minimize tax consequences for my partner. I am partnering up with another person who just wants to bring money to the deal. All they ask for is equity appreciation down...
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"New HUD Policy Could Give Short-Sale Investors a Huge New Advantage!"
by Cory Barnett
Everyone knows that the government doesn’t like to lose money, and now the Federal Housing Association (FHA) has upped the ante ...