30 November 2024 | 4 replies
Are you looking for a job so you can make income now?
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29 November 2024 | 2 replies
There are many times the architect/engineer gets busy doing other jobs and forgets your plans at the city or delays picking them up/making corrections 4.
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30 November 2024 | 11 replies
Tenant also does a good job keeping the place inside clean.3.
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26 November 2024 | 3 replies
Start SavingOnce you land a job, build up your savings for your first deal.
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5 December 2024 | 31 replies
But on a large job where you;re just getting a remodel permit anyway, it's a no-brainer.
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4 December 2024 | 30 replies
I really think they do a great job with product development, too, and are always releasing new features.
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2 December 2024 | 33 replies
The answer is both and neither, all depending on what you're trying to do and which tool is best to complete that job.
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26 November 2024 | 12 replies
I would forget about growing the portfolio and generational wealth until your husband finds a job and you reduce your credit card debt.Credit card debt has interest rates above 20%, there is a strong case that your rentals are not generating a 20% return.
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26 November 2024 | 4 replies
Problem is only "RE pros" get to do it.There are 3 income classifications in the US - Active, Portfolio, and PassiveActive income is income derived from your job, or normal trade or business.Portfolio income is derived from bank instruments - stocks, bonds, etc.Passive income is income earned from investments.Active losses can wipe out both passive and portfolio income, but it doesn't work the other way around.Portfolio (capital) losses are limited to $3,000 annually.Passive losses can only be offset by passive gains.Real estate rental income by its nature is deemed passive per IRC Sec 469One way to get around it is to become a pro - spend more than 750 hours or 1/2 your time in real estate.But most folks aren't real estate pros.
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27 November 2024 | 48 replies
I have a full time W2 job that takes up much of my time, so I'm leaning toward Turnkey until I gain some experience.