There are plenty of benefits to being a real estate investor; there’s the opportunity to build wealth, to explore new markets, to create autonomy in your work. But there’s another serious benefit to being an investor that you might not know about: the real estate professional loophole.Many people …
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Rental Property Accounting: 9 Tips to Keep Your Finances in Order (and the Tax Man Happy)
As a real estate investor, there are a lot of things you need to stay on top of to ensure the success (and profitability) of your investments; you need to keep your properties well maintained, you need to find responsible and trustworthy tenants, and you need to hire the right property management …
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What Investors Should Know About Dallas-Fort Worth Property Tax Rates
When it comes to buying properties, there are certain opportunities to cut costs and save money (like negotiating a better sale price or getting a deal on contracting services). But there’s one area where costs are inevitable and non-negotiable – property tax.Property taxes are a fixed cost, which …
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How to File Taxes on Out-of-State Investment Property
Taxes can become quite complicated when you own a rental property in another state or country. In fact, your rental income might be subject to both federal and state taxes. Not only will you need to report income generated within your state of residence, but you might also need to report income …
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10 Rental Income Property Tax Deductions You Can’t Afford to Miss
Of all the reasons to invest in Texas rental properties, one of the greatest reasons is the lack of state income tax. Depending on your tax bracket, you could save 1% to 13% in comparison to investing in many other states. That’s not the only advantage, though. Texas landlords can also take …
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