Hi I have a rental that is owned free and clear that gets $1700/mo. I would like to tap into the equity without doing a cash-out refi. I am interested in a HELOC product where and I can borrow and then payoff when my ...
Hi, I am looking at my 1st Duplex house hack in the Bay Area and would like to talk to a CPA about getting going!
I am curious to know if you are claiming depreciation on your tax return to CRA.Why did you opt to claim or not claim CCA?For my rental, I did claim CCA in the thinking that it is deferral of tax and I will pay the ta...
Hi!Just finished reading the House Hacking Strategy and I have a question that I believe it goes unanswered in the book.I´m wondering how is the income you get from house hacking getting taxed, at which tax rate. The ...
Buying my first property! So I have my business checking account (day job), a personal checking and now I have the LLC's checking. Most of the money is in the day job biz account. When I go to wire the money, what is ...
A lender they told me that on a cash out refinance on a rental house I own in my name, that the homes owned by my Self Directed IRA, the expenses like property taxes would count against me personally in calculating my...
What's up BP! I just recently purchased a house hack duplex in Upstate SC. I already set up a business account to keep my business expenses separate from my personal expenses. Even though this will be a temporary p...
Does anyone have any experience with blanket real estate loans? I was looking to refi property and someone mentioned that it may be beneficial to move all five of them into one blanket loan. I’ve never heard of this a...
Cost segregation utilizes the MACRS approach. The key is to identify personal property from real property. Tangible personal property identified in a cost segregation study is what allows you to accelerate depreciatio...
I purchased a single family home under my LLC as my first foray into rental properties. There are repairs that need to be done to the crawlspace drainage which would cost about 10K. Can I expense that out as a busin...