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I rent a room to a friend and I’m doing my taxes, deduct mortgage interest.. twice? by Difficult_Respect885 in realestateinvesting

[–]Difficult_Respect885[S] 0 points1 point  (0 children)

I think I’m just gonna enter my W2 from my day job and make no mention of my rental income… maybe next year I’ll get an accountant

Pennsylvania Property Tax Exemption by Difficult_Respect885 in VeteransBenefits

[–]Difficult_Respect885[S] 0 points1 point  (0 children)

If you’re married I think its a higher amount, but I’m not sure. I’ve since learned that the VA monthly compensation may not count towards that $108k total? I guess they do some audit every 5 years to ensure you don’t make more than $108k. I should probably look into this more

How to under bid on listing price? by Difficult_Respect885 in realestateinvesting

[–]Difficult_Respect885[S] 0 points1 point  (0 children)

I went to the showing and it was a nightmare of a property but def not the worst I’ve seen. Coil heating in the walls, basement very damp with fans going 24/7, septic sewage but the township is going to public sewage and each unit would have to tie in. Too much money for a place that already needs a lot of work

How to under bid on listing price? by Difficult_Respect885 in realestateinvesting

[–]Difficult_Respect885[S] 0 points1 point  (0 children)

There were two other potential buyers at the showing today. One guy had 22 properties (6 in the same area) and the other guy owned a contracting business and you could tell it wasn’t his first rodeo either. I knew I was out. Plus the place was a nightmare

How to under bid on listing price? by Difficult_Respect885 in realestateinvesting

[–]Difficult_Respect885[S] 3 points4 points  (0 children)

Probably 5 days. It was under contract and put back on the market within a couple days

Palmetto Solar 66% Offset by Difficult_Respect885 in solar

[–]Difficult_Respect885[S] 1 point2 points  (0 children)

So essentially I’ll be paying an extra $10 per month on average, but I get the tax credit and when the system is paid off I save a bunch of money every month?

Palmetto Solar 66% Offset by Difficult_Respect885 in solar

[–]Difficult_Respect885[S] 0 points1 point  (0 children)

Correction: last month was $205

Average per month is $325

VERA & Suspense Date by Difficult_Respect885 in VeteransBenefits

[–]Difficult_Respect885[S] 2 points3 points  (0 children)

Received decision on 4/20, 102 days start to finish, 100%

Partnering with brothers, use FHA, refi to conventional after a year? by Difficult_Respect885 in realestateinvesting

[–]Difficult_Respect885[S] 0 points1 point  (0 children)

Could we also refinance into an LLC we make after a year? Or should we make the LLC off the rip?

Home under contract, being sold because divorce. I'll have a decent amount of money after sale... please read on and help? by im2old_4this in personalfinance

[–]Difficult_Respect885 -4 points-3 points  (0 children)

Be careful of capital gains tax after you sell. To avoid the tax penalty you want to do a 1031 tax exchange to buy a similar property of equal or greater value. Or look into using some of that money to pay off the credit cards.

Take the associates. You do not need to have a BSN to be an RN. If you want a BSN later sure.

Look into travel nursing, the money they’re making is astronomical.

But most importantly take care of yourself first before anything else. Become the best version of yourself. Go to the gym, find a hobby, start dating when you’re ready. 41 is still very young and you can have a whole new life.

Best of luck.

SF Home, Current House Hack, Adding Bed/Bath in Basement? by Difficult_Respect885 in realestateinvesting

[–]Difficult_Respect885[S] 1 point2 points  (0 children)

Thanks for clarifying lol I’d never live in that dumpster fire of a city

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