Hey all!I am full of questions, and I truly do appreciate everyones time and effort in their responses thus far; BP really is an awesome community! Ok so onto the question:Let's say I am purchasing a single family hom...
HiI hear everyone talk about tax benefits and deductions (mortgage, depreciation etc) from owning real estate.However, what´s not clear to me is how can I apply these benefits and deductions to me personally if I plan...
Hey All - Can anyone provide some insight regarding STR's in Charleston, SC? I own a property in the downtown area just outside the short term rental overlay zone and would like to know if anyone has had any luck with...
Hey all! I live in an expensive market (Denver) and am toggling between buying one expensive property locally vs. buying multiple cheaper properties out-of-state. By buying locally, I can take advantage of all the hou...
Hello,I am recently get involved with a fix and flip (my first one). The property is in my name as we plan to live there while we renovate. I was wondering if there would be any advantage creating a LLC or business to...
I am looking at buying a house in zip code 98042 but due to the size of the house I'm having trouble finding comparable rentals. It will be my primary residence but when I move from there eventually I want to make sur...
Looking to take advantage of tax breaks in my properties, have 3 single family homes that are rented out and my primary residence is being house hacked with two tenants. What's the best way to go about putting my home...
Anyone have any interesting tax benefits that I could use in the Houston Texas real estate market or any general tax advice? Any CPA’s in the Houston area or tax advisors?
Hello all, we are very green in understanding tax strategies for STRs and we're trying to understand how/what STR tax deductions can be captured for primary residences. Below I have posed a scenario to use as an examp...
If I'm converting a primary residence into a rental property but want to take advantage of the $250/$500k capital gains tax exclusion for a primary residence. Can I create an LLC, partnership, corporation or some leg...