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31 January 2020 | 4 replies
2019 I purchased a 4 plex with 18 yr old son to get started real estate investing. Son is primary on the loan (so his ssn listed on 1098 but it is a joint ownership mortgage. he is full time student so not making mu...
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23 January 2020 | 8 replies
A multi-single member LLC in Wyoming seems a very odd choice unless you mean a Series, but that will still get each Child Series (as with all Series) subject to the $800 minimum a year Franchise Tax.The only irrevocable trust would be one for your Primary & secondary residence - but then it is expensive to break that, you have to figure out your life expectancy to anticipate the trust ending before the end of your life to get any tax advantages and the QPRT no longer has the incredible tax advantages it used to (though it might in 2026 when/if it reverts back to the old structure) since the sweeping changes of the Tax Cuts and Jobs Act (TCJA) in 2017.
28 January 2020 | 5 replies
Fast forward to 2018, married, my 2nd child arrived, so a larger SFH was in the cards.
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27 January 2020 | 15 replies
For example, when my oldest child went to college he had a full scholarship.
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28 January 2020 | 20 replies
People don't make as many babies as they used to, so those folks view the extra rooms as just extra stuff to clean, they aren't going to AirBnB the home to potential child molesters where their 3 year old and 1 year old live.
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29 January 2020 | 8 replies
The inner child in me is kinda excited.
5 February 2020 | 13 replies
When my first child was born, I had 7 units, was running another business and my world just got flipped upside down with a child.
24 February 2020 | 4 replies
Hi all -I'm a CPA seeking advice on how to best purchase a home for my daughter. I came across a great deal on a condo for my daughter as she's getting married and looking to build equity. I wanted to make an all cash...
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3 March 2020 | 6 replies
There is 0 unit sold in this condo since city decide to raise property tax by 33% mid 2019, made $6000/year tax became $9000.Family with one child and grandfather living in another 2 bedroom paid off.If rent out: $2400 income. $2900 cost including mortgage tax insurance assessment.
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1 March 2020 | 6 replies
To pay for your child’s education.