Owning rental property can be a smart long-term investment—and it also comes with several tax advantages. But while there are many deductions available, there are also important limits and rules to understand. Here’s a practical guide to help landlords and property investors navigate the current tax landscape. Common Rental Property Tax Deductions If you own […]
Homeowners and investors in Fairfax County are well aware that with property ownership comes the obligation to pay real estate taxes. But there’s another lesser-known tax that may apply to landlords: the BPOL tax. If you own rental property in Fairfax County and rent out multiple units, you could be operating a taxable business under […]
Selling your property? Don’t overpay on taxes! Discover strategies like the 1031 Exchange, which allows you to defer capital gains taxes by reinvesting proceeds into similar properties. Stay informed about potential tax law changes and learn how to navigate them effectively. Ensure you’re not leaving money on the table when selling your investment. Disclaimer: I […]
When investing in residential real estate there are many things that make up the overall benefit of the investment. Cashflow, value appreciation, tax depreciation and tax deductibility are a few that comes to mind. Another important element is leverage. How much or your capital is tied up in the investment and what is your monthly […]
In response to the popularity of home sharing sites like AirBnb Fairfax County enacted a new Short-Term-Lodging (STL) ordinance on October 1, 2018. Owner occupied (or tenant occupied with the owners’ permission) properties may potentially qualify for being used for Short-Term-Lodging. Short-Term-Lodging is defined any occupancy of a dwelling for a period of less than […]