
5 February 2025 | 5 replies
So often rentals don't have taxable income; and once they do it's still not subject to the payroll taxes paid by W2 wages or on self employed income.

7 February 2025 | 6 replies
@Eric SmithGenerally, if the taxpayer sells the relinquished property to an unrelated party, the taxpayer generally cannot acquire replacement property from a related party unless:The related party is also participating in a 1031 exchange.The related party pays more in tax on the sale to the taxpayer than the taxpayer is deferring in the exchange (this scenario is rare).Let’s look who is considered a related party: Spouse, children, grandchildren, parents, and siblings.Corporations and shareholders owning more than 50%.Commonly controlled corporations.Partnerships and partners with more than 50% interest.Trustees, grantors, and trust beneficiaries.Non-Related Parties:In-laws.Aunts, uncles, nephews, nieces.Friends.Domestic partners.Entities owned 50% or less by the taxpayer or a related party.In your case, your mother-in-law, aunts, and cousins are not considered related parties to you under the definitions in Sections 267(b) and 1031(f).

19 February 2025 | 3 replies
Zillow, For Sale By Owner posts on facebook, your local newspaper, and craigslist.Wish you luck in your venture.

3 February 2025 | 15 replies
I can't see what you would need a course to teach you that you can't learn by reading 30 Day Stay; listening to the BP podcast episodes with Sarah Weaver, Zeona McIntyre, and Jesse Vasquez; and hanging out in MTR forums/Facebook groups.

8 February 2025 | 2 replies
Here's her most recent thought on the matter if it helps: "Lack of inspection during building by project managers [is the problem].

1 February 2025 | 6 replies
Being that you are a full time nurse with a baby on the way (Congrats by the way) time will not be on your side.

4 January 2025 | 23 replies
It would pi$$ me off to no end if a 19 year old came to talk to me with a binder telling me how good of a deal I am getting by seeing a 36% rent increase.

3 February 2025 | 2 replies
It's still possible to BRRRR now, but the deal has to be muuuccchhh better and those are just much harder to find.People are still making it work in real estate though, primarily by getting more creative and often needing to add even more value to make the numbers work.

2 February 2025 | 4 replies
Told them to do a drive by and call me back with an offer :)The person who called you probably just spent $15,000 for mentoring and “education”, and is now in panic that his 250 cold calls have not produced anything .

10 February 2025 | 6 replies
So I've been thinking of joining the Air Force for 4 years, during those 4 years I would buy 3-4 unit properties which later after the 4 years I can get into Commericial real estate by doing a 1031 exchange or getting loans from private investors so that I can buy bigger multi-family properties.