All Forum Posts by: Jacob Casarez

Seasoned investors like Robert Kiyosaki and Warren Buffett. Kiyosaki has been well documented to have been calling this 2016 crash for years now. Afterall he did call the 08 crash despite being mocked and laughed at by other investors. Now advised investors and Kiyosaki are calling 2016 to be much bigger than 2008. Was just wondering who all is familiar with this??

I am new to REI and noticed a lot of seasoned investors have been buzzing for awhile about this 2016 crash. What should I be doing as an investor to prepare? I currently am 15 months into a house hack/live and flip deal. I can't cash out until May of 2016 to defer capital gains. Will I be okay? Is this the right idea?? And is it a bad idea to do another deal before next May? Appreciate any other ideas. Thanks!

I am just over a year into my first house hack/live and flip deal. My brother and I owner occupy the property and rented out 3 rooms. With just over 40k equity into the deal we have the option to cash out next May to defer capital gains on 2 year residence. I am exploring options and like to move quickly. We want to make enough cashflow to eventually leave our 9-5 jobs. I've thought about owner occupying a 4 plex, but not sure. If you could start over today in Real Estate Investing, what route would you go??

Yes, the rental income is claimed. Is there a quicker way or alternative route??

I am just over a year into my first house hack/live and flip deal. My brother and I owner occupy the property and rented out 3 rooms in the home for a total of $1,250/month utilities included. Almost cashflowing out the mortgage of $1,371. We would like to move out of our existing property into a new owner occipied house hack. Therefore renting out our two rooms and cashflowing out handsomely on deal one. Do we have to show months of rent rolls? How can we do this? Any information helps. Thanks!

Yes, they have equal access to living areas. And what about their internet and cable bills I cover? And shared appliances I purchase in living areas such as the kitchen? These available utilities and appliances are a big part of their "utility inclusive" rent they pay each month. 

Hello Bigger Pockets,

I am just over a year into my first house hack/live and flip deal. I owner occupy the property and rented out 3 rooms in the home for a total of $1,250/month utilities included. Although it does not cashflow my mortgage of $1,371, I was informed that it is taxed income and reported at tax time as a schedule E. I am lost on what I can write off exactly? Not every property expense is tax deductible being that I live there too?? Any information helps. Thanks! 

Very well done! Great work, man!!