Marc Shin
Boardgames and other low cost amenities in STR
28 December 2024 | 19 replies
We are in the woods where we really wanted to create another sort of living space outside of the square footage of the home.
Hussain Harun
Switching FROM Quickbooks to other accounting sofwares (Xero, Freshbooks)
15 December 2024 | 25 replies
But I can sort that out other ways as well.- bonus points if I can have a separate business w/o having to pay 2x the cost, but it is what it is.- cost is an issue.
Ben Johnson
Rental Income only - HELOC (accessing equity in hard times) HELP!
15 December 2024 | 12 replies
Also with the CC snowballing, I won't be able to make it two years without some other sort of intervention.
Otto Kinn
Best Strategy for Acquiring Subto VA Loans
20 December 2024 | 3 replies
Title might be confusing, I'm asking for help or input on what other people have found success doing, not claiming to have any sort of sound strategy myself!!
Rene Hosman
How much time do you spend prepping for taxes?
14 January 2025 | 28 replies
Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.Maintain proper records, such as contracts, settlement statements, and promissory notes.Additionally, you can track income and expenses consistently using software or spreadsheets.As you scale, if bookkeeping isn't fun, consider hiring a bookkeeper for a couple hundred bucks per month.
Steven Rosenfeld
What do you think of syndicate sponsor Goodegg Investments?
26 January 2025 | 51 replies
Additionally, some syndicators are mostly in the middle-person role of sorts; partnering with others who do the primary LOI/PSA/operation roles.
Jack Cottrell
Help me adjust my expectations - first deal pending
24 January 2025 | 36 replies
Finding some sort of value-add aspect or buying at a discount means you either create or walk into equity, which protects you.
Todd Douglas
Fix and Flip in Detroit 48213
19 December 2024 | 10 replies
Louis, even buying a property for $2k might be overpaying for it ;-) These properties always need some sort of extensive/gut rehab, so they are not for the faint of heart (or stomach)!
Bob Dole
Cost Segregation -- What is the true benefit of the accelerated depreciation?
9 January 2025 | 32 replies
If you or CPA needs a AMA shoot me an email and we’ll get you all sorted.
Elizabeth Leb
What would you do with 20k?
9 January 2025 | 28 replies
Part of my issue was not having a reasonably priced handyman ahead of time and eventually overpaying to just get it done and also inexperience as a manager.With that said, you essentially have two options: very cheap properties in less good areas (you're looking at 100k or less--which you might have trouble getting a good lender for) or trying to do some sort of house hack (e.g. live in flip, live in rent by the room, multifamily) where you budget will be closer to 200k-300k.Personally, I would not look at real estate until you are maxing out your 401k and IRA, but lots of folks have done significantly better with real estate than stocks and would think I'm crazy for suggesting this.