“Every Airbnb Host’s Tax Guide” by Stephen Fishman, J. D. See also: https://www.nolo.com/legal-encyclopedia/tax-issues-when-renting-out-room-your-house.htmlSee also: https://legaltemplates.net/resources/real-estate/renting-a-room-in-a-house/See also: https://www.nolo.com/legal-encyclopedia/small-taxpayer-safe-harbor-for-repairs-improvements.html “Any rental expenses paid for by guests are rental income; for example, payments a guest makes to you for repairs, utilities, or other rental costs. These costs are then deductible by you as rental expenses.”“You are entitled to […]Read more "Book: Every Airbnb Host’s Tax Guide"
“Every Landlord’s Tax Deduction Guide” by Stephen Fishman, J.D. See updates at https://www.nolo.com/companion/every-landlords-tax-deduction-guide-DELL.html See updates at https://www.nolo.com/companion/every-landlords-tax-deduction-guide-DELL.html “When you own residential rental property, you are required to pay thefollowing taxes:• income taxes on rental income and property sales• Social Security and Medicare taxes (for some landlords)• net investment income taxes (for some landlords), and• property […]Read more "Book: Every Landlord’s Tax Deduction Guide"
“The Book on Tax Strategies for the Savvy Real Estate Investor” By Amanda Han and Matthew MacFarland “A common necessary expense in the real estate world would behomeowners association (HOA) fees. This expense is necessary, because if you didn’t pay the fees, you could be subject to hefty fines and penalties from your HOA board. […]Read more "Book: The Book on Tax Strategies for the Savvy Real Estate Investor"
“The House Hacking Strategy” By Craig Curelop House hacking: “To summarize, it is when you purchase a one- to four-unit property, live in one part, and rent out the others so that the rent from your tenant is fully covering your mortgage.” “The most common amongst house hackers seems to be the 3.5 percent Federal […]Read more "Book: The House Hacking Strategy"
“The Book on Managing Rental Properties” by Brandon Turner and Heather Turner “Landlording, also known as property management, is defined for the purpose of this book as the business of protecting and growing one’s real estate investment through the careful placement and oversight of tenants.” “Good property management seeks to continually improve both the condition […]Read more "Book: The Book on Managing Rental Properties"
“The Book on Rental Property Investing: How to create wealth and passive income through smart buy & hold real estate investing” by Brandon Turner “However, I would encourage you to start with six months of expenses for each unit you have. For example, if you own a single-family home that costs you $800 per month […]Read more "Book: The Book on Rental Property Investing"
“The Book on Investing in Real Estate with No (and Low) Money Down” By Brandon Turner & Joshua Dorkin “When investing creatively, you need to find even better deals than those who invest normally.” “When investing creatively, you must be extremely conservative.” See: http://www.biggerpockets.com/analyzeinvestments “Creative finance requires sacrifice.” “Creative finance does not mean investing without […]Read more "Book: The Book on Investing in Real Estate with No (and Low) Money Down"
“Recession-Proof Real Estate Investing: How to Survive (and Thrive!) During Any Phase of the Economic Cycle” By J Scott “The business cycle is driven by interaction between two main forces: inflation and interest rates.” “When inflation starts to take hold, the Fed will step in and raise interest rates. Higher interest rates will have two […]Read more "Book: Recession-Proof Real Estate Investing"
“Bulletproof Title Due Diligence: Protecting Your Investments” By Alex Goldovsky “title can be summarized as a bundle of rights corresponding to a specific piece of real estate.” “title represents certain rights showing ownership interest in a property. This owner can be a person, trust, corporation or many other types of entities.” “Current Owner (Residential or […]Read more "Book: Bulletproof Title Due Diligence"
“Your Best Business Entity For Real Estate Investing: LLC, S Corp, C Corp, Partnership, or DBA?” By Michael Lantrip “But liability is the main reason for not operating as a Sole Proprietorship. The Sole Proprietor is responsible for all obligations of the business.” “The Sole Proprietorship and the General Partnership forms of business are the […]Read more "Book: Your Best Business Entity For Real Estate Investing"