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Results (10,000+)
Kevin Breneman Rent to own question
21 April 2024 | 5 replies
I am not an attorney or an accountant and am not giving accounting or legal advise.
Jinesh Patel Tax advise for high earner w2 couple.
18 April 2024 | 4 replies
It's important to consult with a tax professional who can advise on how these strategies align with your overall financial situation, especially considering your full-time employment and income structure.Moreover, as your portfolio grows, and particularly if one spouse can transition away from W2 employment, the landscape of your income and tax liabilities shifts.
Francys Ramirez Empty Lots - Are they worth it?
21 April 2024 | 9 replies
I advise clients NOT to buy empty lots, even ones right next to their properties and even if you're only paying a couple hundred bucks.The logic is pretty simple.
Michelle Sangalang W-2 High income looking for ways to minimizes taxes with Real estate license
20 April 2024 | 9 replies
Readers are advised to seek professional advice.
Michael White Looking to buy some land
19 April 2024 | 4 replies
If you are representing yourself, I would advise reading up on various land contingencies.
Douglas Skipworth Do you track your net worth?
22 April 2024 | 39 replies
That may sound pretty good...until you discover that their net worth is decreasing at a rate of $2 million per year, and they've got $100 mil of adjustable rate debt on a portfolio of D class properties that forces them to work 80+ hours per week just to keep the whole thing afloat...Investor B tells you "my net worth is $1 mil" --to many successful investors, that sounds like a relatively insignificant net worth...but, investor B owns a portfolio of A class properties with zero debt, professionally managed, their cashflow is $500k per year, their net worth is increasing at a rate of $1 mil per year, and they only have to work about 1-2 hours per week to keep their machine going.Personally, I'd MUCH rather be investor B than investor A, even though investor A's net worth is 10x of investor B's.So yeah, tracking net worth is advisable, but it's only a small part of what an investor should be tracking and modeling, and net worth alone might not be very indicative of an investor's success.
Alejandro Bautista How to Proceed LLC/SCorp
18 April 2024 | 5 replies
I believe the one that does my tax mentioned using scorp due to our income but i seen its not advised to put real estate under scorp
Brandon Morgan investing out of state
18 April 2024 | 43 replies
Does anyone have any experience or advise with this?
Beth Anderson Is it smart to buy a house hack that we couldn't afford without the rental income?
18 April 2024 | 18 replies
I would not advise doing that if you're unable to afford it on your own unless you fully understand the risk. 
Doug Davis buying duplex in Atlanta area
20 April 2024 | 26 replies
As noted by Ben, I highly advise that you target single-family homes with in-law suites or additional living space that can be converted into a separate unit and sourced as an STR via Airbnb or on another short-term rental platform.