Depreciation for 27 years. All your operating expenses. The mortgage interest and insurance. Any insurances. Your mileage. Your sales tax for anything. The property taxes. There’s more.
Some people hit a sweet spot on a building (i think 4 units max?) where you don’t need a commercial loan of much higher interest and then people live in one of the units for free. I’m sure you can use a different primary address and fabricate a deadbeat tenant and write-off the losses.
sounds great until renters = niggers then the (((courts))) side with the useless niggerenters I'd rather find a different LLC that doesn't include niggers destroying my property.
Don’t rent to niggers. 90% of landlording is proper tenant screening. If you “officially” live on-site you can rent to or not rent to anyone you want. Keep a hallway closet as your apartment on paper.
Keep a hallway closet as your apartment on paper.
I'd love that if any permitting agency would let me.
Failure modes do not bother me. There are thousands of ways to get fucked in buisness, I want to focus on the winning strategies.
100% correct approach.
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