30 October 2024 | 94 replies
stacks of capital for unexpeeccted repairs, zoning, headaces you simply can NOT forse e until it happens, and 6 months of the mortgage in reserves for vacancy/ job loss. 50k an d8k in credit is mayb safe to by 1 property. that 38k you think is left, not nearly that will be left over. so what is leeft..... theere are your reserve. you have noting left to get another property
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24 October 2024 | 55 replies
E I ended up joining Thach's mentorship program "Springboard to Wealth" after not really finding good support on Bigger Pockets.
13 October 2024 | 9 replies
As a single-member LLC, the IRS considers it a disregarded entity, meaning the income, expenses, and other tax-related items will still be reported on your personal tax return via Schedule E.
13 October 2024 | 4 replies
I also suggest Michael Gerber's "The E-Myth Revisited" as well as his "E-Myth Real Estate Investor" collaboration with Than Merrill and Paul Esajian.Remember - 90% of this business is marketing so don't let all the other stuff, like obsessing over business cards, get in the way of that.Good luck!
10 October 2024 | 2 replies
Hello Everybody, I'm 21 years old and have accumulated $2.5 million through e-commerce.
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11 October 2024 | 17 replies
Whereas my other LTR rentals B,C,D,E etc, can accumulate/share deductions and losses , as well as carry over.
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10 October 2024 | 17 replies
@Fareen E. is there a loan on the property?
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13 October 2024 | 23 replies
They should be using a net rental income analysis which would produce an income figure specific to each property based on your reporting on Sched E.
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20 October 2024 | 84 replies
E big ticket items).