Over the years, Charm City has faced challenges such as abandoned buildings and rising crime rates, which have played a role in a decline in Baltimore’s population. To us, Baltimore is a hidden gem. It’s an incredible, resilient city that has faced its share of hardship. These challenges have led to a population drain from…
Read MoreCheck out our informative discussion about the benefits, tax saving calculations, cash flow calculations, and way to build wealth and equity by purchasing an apartment building to live in one apartment and rent the others, sometimes known as “House Hacking”. Features Ben Frederick, Cheryl Sadera, Tom Fair, and Will Cannon. Recorded December 8, 2020. https://youtu.be/cHzZk0BfUfY
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This was just posted by the National Association of Realtors Legislative Affairs office: Eligibility of rental income If you generate rental property income, that income can also qualify for the new deduction, as long as you can show that your rental operation is part of a trade or business. The IRS has released proposed guidelines…
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The new tax law allows Bonus Depreciation on used equipment and equipment affiliated with residential rental real estate providing significant tax benefits for investors who purchase or place-in-service buildings and building components after September 27, 2017, according to Tom Wheelwright, CPA (https://wealthability.com/tom/). Investment real estate has 4 components: Land – not depreciable, Building – depreciated…
Read MoreUnless and until there is a written Buyer-Broker Agency Agreement signed with a prospective Buyer, then Ben Frederick Realty, Inc., Ben Frederick Realty, Inc. represents the Seller. Please click here to download the Maryland Real Estate Commission form “Understanding Whom Real Estate Agents Represent”.
Owning a home is a keystone of wealth… both financial affluence and emotional security.
