Taxes can be complicated when you are a landlord. Understand how taxes work when you are starting a rental business, how tax deduction work throughout the years, and the 2018 tax law.
Is your investment property mortgage underwater? Take a look at your options to determine if it is best to hold out for a real estate turn around or get the rental property out of your portfolio.
You can’t just move out and declare your home a rental. There are some things you need to do first to convert your home. Find out what they are.
There’s no law that says you must sell a rental property. You can hold onto it through your retirement years, if it’s bringing positive cash flow. The best way to determine whether your rental property is doing well is by cash flow. Are you making or losing money each month?
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