Register for an upcoming workshop today if you want to protect your business and personal assets from snoopy lawyers and creditors. Save Your Seat: aba.link/b2fc3a
Hi Toby! I bought my house from the IRS at .50 cents on the dollar in 2018. I then house hacked my 3,000 sq foot home into a $400 dollar a night airbnb. I turned 1,200 sq foot of the home into my private residence not rented to people, I live here at times even with clients in main part of home. I live expenses free now 100% When my airbnb is rented I live in one of my tiny home vans full time. (PS can this be written off since this is a secondary home?) I travel for 6 months while my home is rented. I got also permitted plans to build an ADU next to my home that will rent for an additional $200-250 a night. And I am adding solar next week on this house for a tax write off loan like you suggested in the video. Same exact situation you talk about. I will be traveling up to Las Vegas for the December conference to see you guys again and living in my tiny home van outside the hotel. I am currently looking to start a non profit for affordable housing and veterans (disabled vet myself) to partner with land owners and builders in Tucson. I cannot say enough thanks for Anderson Advisors and what you guys have taught me since joining in 2018. THANK YOU Anderson team!!
Yes. 1. Fireman bought a house. Two other firemen as tenants with him. He lived rent free and sold it many years later. 2. Holiday rental. Nice, expensive area of Los Angeles. Woman converted a second story room/bath. It had an external stairwell. Beautiful accommodation. 3. I had a friend and his daughter use the back bedroom and bath for a year. Unfortunately, no separate entrance. However, ideal if a person were disabled and received assistance from a live in.
Too many people are renting rooms in a home, Airbnb, etc. then refusing to pay, refusing to leave and sometimes even wreck your home. It’s better to downsize and learn to live within your means. Then find a different side hustle that doesn’t risk everything you’re working so hard for.
A system that incentivizes the ownership of many homes creates a system of renters with a few owning most of the homes. Thats not good for society over all
I was under the impression that you can’t claim the solar tax credit if it’s leased/financed, that you can only claim it if you pay for the Solar system upfront.
Financing is okay - lease is not. Here is the Q&A from Energy.gov: www.energy.gov/eere/solar/homeowners-guide-federal-tax-credit-solar-photovoltaics#:~:text=I%20financed%20my%20solar%20PV,full%20cost%20of%20the%20system.
Register for an upcoming workshop today if you want to protect your business and personal assets from snoopy lawyers and creditors. Save Your Seat: aba.link/b2fc3a
Hi Toby!
I bought my house from the IRS at .50 cents on the dollar in 2018. I then house hacked my 3,000 sq foot home into a $400 dollar a night airbnb. I turned 1,200 sq foot of the home into my private residence not rented to people, I live here at times even with clients in main part of home. I live expenses free now 100%
When my airbnb is rented I live in one of my tiny home vans full time. (PS can this be written off since this is a secondary home?) I travel for 6 months while my home is rented.
I got also permitted plans to build an ADU next to my home that will rent for an additional $200-250 a night.
And I am adding solar next week on this house for a tax write off loan like you suggested in the video. Same exact situation you talk about.
I will be traveling up to Las Vegas for the December conference to see you guys again and living in my tiny home van outside the hotel.
I am currently looking to start a non profit for affordable housing and veterans (disabled vet myself) to partner with land owners and builders in Tucson.
I cannot say enough thanks for Anderson Advisors and what you guys have taught me since joining in 2018. THANK YOU Anderson team!!
Yes.
1. Fireman bought a house. Two other firemen as tenants with him. He lived rent free and sold it many years later.
2. Holiday rental. Nice, expensive area of Los Angeles. Woman converted a second story room/bath. It had an external stairwell. Beautiful accommodation.
3. I had a friend and his daughter use the back bedroom and bath for a year. Unfortunately, no separate entrance. However, ideal if a person were disabled and received assistance from a live in.
This is gold! Thanks for sharing
Four out of five , work out the same in the UK...
The only thing different is
" depreciation".
Good content by the way
thank u
Some friends of mine did the live-in flipping right up until their divorce.
🤣🤣
I guess he Flipped her off one time too many? 🥴😂
What ir is a house that I flip,and put it on the market then I took of market I disade live on it can I still do a 121 exclucion??
Too many people are renting rooms in a home, Airbnb, etc. then refusing to pay, refusing to leave and sometimes even wreck your home. It’s better to downsize and learn to live within your means. Then find a different side hustle that doesn’t risk everything you’re working so hard for.
A system that incentivizes the ownership of many homes creates a system of renters with a few owning most of the homes. Thats not good for society over all
I would call it a hack if you didn't have to share your house with strangers.
If you rent a property in Australia then rent rooms out thats called subletting and is illegal over here
That sucks😅
Yeah you build an ADU here in CA and then you property taxes skyrocket
😊Solar has to be OPERATIONAL in the year you deduct. Also trust me: you want batteries as well so you aren’t paying the TDU.
I was under the impression that you can’t claim the solar tax credit if it’s leased/financed, that you can only claim it if you pay for the Solar system upfront.
Financing is okay - lease is not. Here is the Q&A from Energy.gov: www.energy.gov/eere/solar/homeowners-guide-federal-tax-credit-solar-photovoltaics#:~:text=I%20financed%20my%20solar%20PV,full%20cost%20of%20the%20system.
would you do this if you had kids?
Vote Trump to avenge Peanut. Demcotats killed Peanut !
No, bad LE killed Peanut!
No qualified immunity for squirrel killers!