Melanie Baldridge
W2 employees and RE Pro Status
26 September 2024 | 1 reply
Imagine making millions of dollars throughout your career and then having to pay Uncle Sam 30-50% every year instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of the best ways to end up with a much larger net worth at the end of your career.
Samuel Coronado
Refinancing a VA loan from a 6.045% to a 5.125%. Do I wait for later?
26 September 2024 | 3 replies
Hey Sam,Sounds worth it, 5.125% no points?
Sam Mori
Hello BiggerPockets! New PRO here
25 September 2024 | 2 replies
I'm Sam M. from San Diego,CA.
Phillip Bernier
Lenders + seller 2nd's = Justin B-BRRRR?
24 September 2024 | 6 replies
We've affectionately called this the "Sam's Club BRRRR," or "Justin B-BRRRR," as we're completing our "BRRRRs in Bulk" with many units at a time. ;) THE ASK: Do you happen to know of any good portfolio, bridge, and/or DSCR lenders, private or otherwise, that may be willing to work with such a scenario?
Steve K.
How to find new construction and turn-Key Apartment Investment Opportunities
24 September 2024 | 8 replies
Quote from @Sam Applegate: @Steve K.From my experience, it's more important to find a broker who specializes in your unit count rather than new turnkey properties.
Sam McCormack
OFFICIALLY, a Real Estate Investor
23 September 2024 | 9 replies
@Sam McCormackCongratulations on becoming an investor and securing your first property in Northern Kentucky.
Ryan Phu
Joe McCall Scam? Read This Before You Buy His Programs...
26 September 2024 | 70 replies
Originally posted by @Sam B.
Sam Booth
How many rentals to retire?
21 September 2024 | 44 replies
Quote from @Sam Booth: Nobody can predict the future.
Melissa Lapinski
Owner of Record; Parcel ID?
24 September 2024 | 22 replies
Since you are in "E-town", you are in Lancaster County, and Sam W. has already posted the Lancaster County tax assessor website (I'll link it here):http://lcapp1.co.lancaster.pa.us/aoweb/But "E-town" is really close to a few other counties: Lebanon, Dauphin, York and Cumberland.
Sam Rexford
Newbie: Am I doing out of state market research for my first market right?
20 September 2024 | 18 replies
@Sam Rexford welcome to BP!