Hey guys I'm new to the forum, I just stumbled upon the forum yesterday, I'm 23 years old right now I've been flipping used cars and doing contractor work for the past year and i've saved enough of my profit to purchase my first property, any advice, tips, book recommendations, courses or thread recommendations would be greatly appreciated, I'm in a mode where I have an immense appetite to learn and absorb content.Thanks,           Quin

Even a more modest debt like $50k will take any excess income that a young adult would put towards buying a home and put them 10-20 years behind previous generations, and that in itself will set back their accumulating wealth. this generation is well and truly f*cked.

After an emergency fund in the business accounts, we also saved up excess from the rentals so that they could buy the next property.  4.

If a $1mm property is depreciated halfway down to $500k and then exchanged for a $2mm property the basis in the new property should be $1.5mm for the $500k carryover basis and the $1mm excess over the original property. 

After that I would compensate them hourly if for some reason there were an excessive amount of things for them to handle during one month.  

Hi,As I understand, the inheritance tax that a foreigner has to pay to inherit a property from another foreigner is 40% from the excess in the market value of $60k of the inherited rental property located in the US.To mitigate this low exemption compared to US citizens, I am thinking of establishing a general partnership.

Then sell, buy a duplex and combine any excess proceeds with your other savings to buy a second rental. 

I’m starting to wonder if that’s excessive

I'm sorry not to get anybody excited, I'm specially talking about Alabama (Jefferson County to be more specific there was a lot of talk about changes in excess bids of Tax Delinquent Properties and they had a lawsuit judgement in 2007 and the county lost $28 million case for excess over bidsJust wanted to know if all s still the same with the Jefferson County Alabama allowing 15% of the value of the property to over bid the taxes owed and receive 12% int. on their entire investment when property is redeemed .Blessings to all,

That’s a fairly excessive amount of pets if you ask me!