I haven't seen anybody write specifically about this before. After looking at hundreds of thousands of dollars in suspended passive losses, I'm planning to provide substantial services on my next house hack. This soun...
I recently converted my primary residence into a SFR and completed a cash out refi. I plan to invest some of the money in a business doing flips and remodels with a partner. Are there any strategies to avoid my profit...
ForUncle Sam gives, and Uncle Sam takes away.But in the case of buying local [market_city] investment properties... you can earn investment property tax deductions for real estate investors, the United States provides...
After looking into a property and running the numbers, I noticed that it was behind on taxes by a couple years, and I know that I can negotiate the purchase price based on this. Would you simply subtract the tax delin...
Hello Everyone,I have a friend selling his primary residence a little sooner than anticipated and wondered if anyone had come across capital gain tax issues in the past. Here are the facts:- Closing date for current ...
I am renting a bedroom in my house to a roommate. However, she also has access to and uses 2 bathrooms, finished basement, living room, kitchen, garage. How do I list on taxes? She shares use of ALL these rooms. I...
I am interested in using this strategy, but I'm having trouble finding information relevant to the method I have in mind. I would like to finance the property to the tenant and hold the property until they reach payof...
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*This link comes directly from our calculators, based on information input by the member who posted.I'm a bit confused by the numbers. It's a duplex so rent estimator suggested $1950 so I...
Good afternoon everyone,I received an e-mail from a wholesaler in NJ who has a property under contract in East Orange, NJ 07018. Here are the details:Duplex multifamily property 2/1 downstairs, 3/1 upstairs.Currently...
I have my primary home and one rental property. I have 100k equity in primary and 200k equity in rental house. I would like to buy another house before rates go up, probably live in it and turn my current house into a...