Troy Parker
Renting your first rental to a friend
26 January 2025 | 11 replies
Added brand new cabinets and granite countertops.
Cameron Marmon
Did I mess up when establishing this LLC for my wife and I?
4 February 2025 | 13 replies
However, you can file Form 8832 (Entity Classification Election) to change the LLC’s status to a disregarded entity, provided you act promptly.If you don’t make the election, you’ll need to file Form 1065 by March 15, 2025, adding complexity but retaining the same tax benefits, such as deductions for depreciation and repairs.
Lynn Misiaszek
Facebook Ads Newbie in MA
10 January 2025 | 3 replies
Welcome to Facebook ads and wholesaling!
Cole Starin
Considering Property Sale
24 January 2025 | 5 replies
Selling your duplex could be a solid move if it helps eliminate your revolving debt and gives you a financial reset.
Dean Halpin
Need Real Estate Guidance (22 yrs old)
6 February 2025 | 10 replies
It's not easy to admit mistakes.I think you should start by eliminating the get-rich-quick mindset.
Blake Steagall
Section 8 investing
2 February 2025 | 3 replies
I've heard Trump most signed an executive order to eliminate reduced rates for section 8.
Lincoln Waite
Paying utilities on a Multi-Family and it's eating all of my cash flow. (Iowa)
8 February 2025 | 22 replies
Save yourself the brain damage, clear it out, convert it back, discover a whole new class of tenant you can now get and enjoy the ride of eliminating 70% of the hassles this property delivers.
Devin James
New Home Buyers are Strapped for Cash
24 January 2025 | 3 replies
Some costs are eliminated (such as 'soft charges') while others are accounted for in the interest rate.
James Thompson
Transfer of property
4 February 2025 | 3 replies
However, the property’s cost basis (what they originally paid) carries over to you, meaning if you later sell, you may owe significant capital gains tax on appreciation.Alternatively, selling the property at fair market value eliminates gift tax concerns, but your in-laws may owe capital gains tax on any profit.
Joshua Karas
Excited to connect with you all!
5 February 2025 | 7 replies
Really expedites the time it takes to reach FI when you can completely eliminate your housing payment and get into multis for such little down and start building equity/cash flow with each one.