Hello everyone!I am God willing a future first time home buyer in the process of trying to land my first home. I was planning on getting an FHA loan for my mortgage. My realtor's lender told me I am eligible for the...
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Hello! I recently started renting out my first property in June 2021. Coming up on tax season I would like to start setting myself up for success. Currently I have 1 rental property and 1 property I purchased (finance...
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I'm in the process of buying my first true investment property. I am Active Duty Military and have used my VA Loan twice for my first two homes. This time I am using a conventional loan, since I have no intention o...
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There are some new tax laws in effect and others that are sunsetting, making our 2023 taxes look a bit different.
Inflation Reduction Act Updates
45L Energy-Efficient Home Tax CreditThe revisions to this tax credi...
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I have sort of a unique situation on hand and want to know if I am eligible to avoid capital gains on a property I am selling.I purchased the home as a primary residence in February of 2020. I moved into the home imme...
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I'm kicking around the idea of moving 401k funds out of the stock market and into real estate investments. I started researching self directed IRA because a lot of people seem to use that on here but I stumbled acros...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment in Toledo.
Purchase price: $35,000
Cash invested: $25,000
Two Family Brick Duplex near Toledo Hospital. Both units came wit...
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My Rental PIS date will be August 1, 2024. I currently just have a 2-door honda that I will use for business travel/managing the rental. Ideally, I'd like to buy a more practical car for managing my rental (something ...
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It's Tax Time! Curious to see what independent property managers or real estate agents are seeing for effective tax rates.
Given it's a service business with little offsetting expenses/deductions, seems like it can ...
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Hello there everyone-
Not too sure if this qualifies as an announcement but I would like to let people know a little bit more about HUD (Housing and Urban Development) and FHA (Federal Housing Administration). HUD do...