Hello Everyone!
I'm Gail.  I’m planning to purchase a 3-4 multifamily house in Minneapolis. Is Minneapolis or St. Paul a good market to invest in? Does anyone have experience investing in either of these cities? Thank...

We have a 3 year right of redemption here, so I can go on our revenue commissioner website and look up parcels and apply to buy the property for an amount they email me, and if the state has owned that property for 3 or more years, they would issue me a tax deed. 

I don't want to pay federal income taxes on the earnings I give them, the "interest" payout.

It’s just not how the tax world works.

According to Airbnb:Guests who book Airbnb listings that are located in the City of Tuscaloosa, AL will pay the following tax as part of their reservation:City of Tuscaloosa Lodging Tax: 11% of the listing price, including any cleaning fees, for reservations 29 days or shorter.

That’s insane.Protest your taxes people.

I've got an amazing Chicago property tax attorney that I highly suggest using. 

These are the exact areas I dig into as well, because they quickly reveal whether someone can realistically meet the participation requirements that drive STR tax benefits.Understanding W-2 demands, average stay length, hands-on involvement, and the dynamics with a property manager tells you almost everything about how the STR will perform and how the tax strategy should be structured.Most investors underestimate how much these factors impact both their numbers and their ability to use the losses.

If your rental "loses" $10K per year, sure that's tax deductible, but it's certainly not a tax credit.

If you’re working a normal full-time W-2 job, you generally can’t qualify as a Real Estate Professional under the tax rules.