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21 January 2025 | 10 replies
If your not ready to spend money on a software you can use tax records.
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1 March 2025 | 51 replies
(my opinion) There are few RE strategies out there that are able to produce the types of returns we produce, in the time we produce them, all while avoiding the big risks of purchasing property and funding construction projects.4.
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17 January 2025 | 20 replies
💪Flipping in C-D areas is smart for avoiding long-term headaches, especially when it's not worth the upkeep.
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26 January 2025 | 9 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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23 January 2025 | 1 reply
You'll want to put together a personal financial statement (basically lists of all your assets and liabilities) and have your tax returns ready.
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20 January 2025 | 31 replies
I had to redo everything they did on my taxes.
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22 January 2025 | 9 replies
To succeed, focus on properties in high-demand neighborhoods like Pecan Grove or Aliana, and ensure your cash flow analysis accounts for high property taxes, potential HOA restrictions, and flood insurance costs.
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28 January 2025 | 19 replies
@Apryl Skahill To get your risk-averse spouse on board with real estate investing, start by educating him with beginner-friendly resources that highlight the long-term stability, cash flow potential, and tax benefits of real estate, such as depreciation deductions and offsetting W-2 income.
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26 January 2025 | 3 replies
Make sure to account for property taxes, insurance, and any HOA fees, as those can vary significantly in different markets and impact your cash flow.
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20 January 2025 | 4 replies
This is obviously much better than $1,400 per month.On top of that, you will now get 2x the depreciation write-off so your taxes should go down.On top of that, you will now get 2x the appreciation when real estate price go up.On top of that, your tenants are helping you pay down the loan, initially at about $100/mo for both properties, which gradually gets better and better.On top of that, you now have more units so if one or two goes vacant, you have more renters covering the losses of the vacant units.If you want to keep these properties, I would do a cash-out refi and go buy more rental real estate.