This way, maintenance, repairs, and taxes are the responsibility of the new owner, while you continue to collect principal and interest, potentially as tax-free income.I'm not a CPA, just a heads-up 😄, but you could possibly avoid capital gains tax with this approach.

Hello, Mer here. I'm looking to absorb as much as I can from y'all in hopes to get my family to financial freedom. Looking forward to discussing and possibly meeting some of you. 

If you're having issues with your GC or suppliers make sure you let the lender know.Also, there are some cases in which you might be having issues with the lender giving you draws for your mortgage, in which case I would advise to find a new lender so that you can move forward with the project more smoothly.Feel free to reach out if you have more questions. 

I’ve been focusing on new build duplexes in the Indianapolis market, where we’re seeing strong rental returns and growth potential.If you’re ever curious about expanding into other markets or want to discuss strategies to grow your portfolio, I’d love to connect and share insights.

I am currently looking at a house in upstate New York. 

Unless new companies move in and create replacement jobs, only low-paying service sector jobs will remain.

With new construction, comes more competition.

Then open a new Google Sheet file, click Open and then select Upload.

Hi everyone, I am new to Bigger Pockets.

For business owners, having a separate legal entity, such as a corporation or limited liability company, provides the unique ability to create a credit identity with business credit reporting agencies, also known as a business credit profile.Reality check:  > Funding your business with your home equity or personal savings/guarantee is a HUGE risk  > ~45% of Small Businesses applied for a Business Loan in 2023  > Less than 2% of SBA Loans are actually funded/approved  > 29% of Small Businesses FAIL because thee run out of Capital  > Your company’s name on a credit card is NOT corporate credit (if you used your FICO score to get it)  > Business (EIN) credit will open new ways to finance your growthIf you keep doing what you've always done, you'll keep getting what you always got!