7 March 2019 | 3 replies
Hello,I'm wondering if people 1) use Automated Valuation Models (AVM) in the small-medium size mulitfamily space to spot under-valued properties by comparing the AVM price (the predicted appraisal value) to the list price (or the price you think you could reasonably buy the property at) and buying at a large difference (e.g. the Zillow Zestimate or Enodo: https://www.enodoinc.com/e-valuation.html) and 2) use any software to make a data-backed prediction of the ROI of various repairs for a BRRR approach (e.g.

26 March 2019 | 5 replies
Fast forward to tax time, we own another property in our own names that’s split 50/50 and reported in Part 1 of schedule E.

5 March 2019 | 1 reply
But to start....Millionaire Next Door and all others by Thomas J StanleyRich Dad, Poor Dad & Rich Dad's Cashflow Quadrant by Robert KiyosakiThe 4-Hour Workweek:.... by Timothy FerrissE-Myth Revisited by Michael E.

6 March 2019 | 9 replies
OMG, a long list, @Joshua Thompson.Schedules C with zero income and large expenses, particularly interest, taxes, and repairsFlips reported at gross profit instead of full selling price minus cost of goods soldFlips reported as short-term capital transactions on Schedule DSchedules E with zero income and large expensesSchedules E with repairs several times higher than the rentMissing depreciationLosses from rental properties or K1s not showing up on 1040 (not always a mistake, but often is)All expenses grouped into some $40,000 "miscellaneous business expenses"Missing deduction for use of a business vehiclethere are another 20-30 very common errors and oversights, soon to include the missing 20% QBI deduction.

27 March 2019 | 1 reply
As a small time RE investor (two properties), I'm thinking it just makes the most sense to 'shift' some of the deductions I used to enter on a Sched A over to the Sched E because of the new rules/deductions with the Tax Cut & Jobs Act.

7 March 2019 | 4 replies
Get a copy of The One Thing and The E-Myth Revisited.

8 March 2019 | 3 replies
Real estate books are a dime a dozen...one book is hard to pick, but don't pass up the E-Myth Revisited...but get the audio book and play at 2x speed...the author sounds like he could die at any moment...still a good read ;) Good luck!

20 March 2019 | 19 replies
@Adam L. in the Navy it's E-5, E-4 cannot live off base unless married.

19 January 2016 | 5 replies
Welcome @Francis E.