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6 January 2025 | 13 replies
I want to be able to pull the trigger when a good deal comes a long and be confident in my investment.
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16 January 2025 | 40 replies
I currently own and self-manage two STRs in Maine and should be closing on a small 'cabin campground' with 10 cabins nearby that will also be operated as STRs.
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31 January 2025 | 44 replies
I am getting a mortgage for about $175k, putting 70k down, and the rent of approx $1900 is a near breakeven cash flow investment when I self manage.I am sure there are investors out there getting better returns than this, but I am a busy working man with a family and I am playing the long game.
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12 January 2025 | 28 replies
Yes, people see the low price tag on these self-service options (there are a few more being marketed here, not going to put them on blast) and ignore CPA guidance to go with in person option and it is now coming back to haunt them.
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3 January 2025 | 11 replies
Much of the information in these reports is self-reported and not verified.
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8 January 2025 | 15 replies
@John Brown how confident are you in your ability to run a STVR?
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8 January 2025 | 9 replies
Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.
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5 January 2025 | 2 replies
I moved all of her old retirement money into a self directed IRA/Solo 401K and started putting her money to work through real estate lends.
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10 January 2025 | 12 replies
., and based on previous life experience, I am confident somehow, somewhere, someday, I'll be able to use this information to my advantage.
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2 January 2025 | 3 replies
Quote from @Jaxin Pierce: I'm a self-starter entrepreneur who owns a vending machine business.