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5 December 2024 | 2 replies
The best advice on this topic, in my opinion, comes from 2 books:How to win friends and influence peopleNever eat aloneI am also looking for brokerages to work with or even experienced shadow / intern for to gain experience and additional knowledge.
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2 December 2024 | 21 replies
I'd look into the capital gains tax implications if you sell it now vs holding on to it.
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5 December 2024 | 2 replies
Analyze properties that need only minor updates and start small to manage costs and gain experience.
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5 December 2024 | 1 reply
(I have a special needs trust for my son so have dealt with the complexities.)My bigger concern would not be your liability exposure but doing something that could potentially endanger the support benefits your brother is entitled to.
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5 December 2024 | 8 replies
Because I want to continue investing, avoiding paying the personal gains is what my mind is occupied with.
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4 December 2024 | 16 replies
This will minimize the tax burden of the gain you currently have and defers any other gain through the 1031 giving you more buying power going into the future.
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5 December 2024 | 3 replies
Does it benefit me at all or is it just a gov't tax money grab?
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7 December 2024 | 14 replies
After a little while of this you can slow down and just use the one contractor you have gained a good relationship with and know their numbers on rehabs.
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3 December 2024 | 16 replies
I'd love to hear from a turnkey operator here about the benefits.
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2 December 2024 | 5 replies
Many investors - including Dave Ramsey - attempt to gain wealth quickly through risky leverage, and they fall flat on their face.