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5 January 2022 | 2 replies
Once you talk to your tax person you should have a lot better idea as to what will work best for you.Some general tax write off ideas:Does your business need equipment that you can purchase and depreciate aggressivelyCan you do Stock loss harvesting (Sell a stock you have at the loss take that as a write off to help offset gains 3,000 cap I believe) Repairs/ upgrades to existing real estate you choose to use as a write off all in the current yearRetirement accounts (you may also be able to contribute on behalf of kids)
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5 January 2022 | 3 replies
Please let me know, just a young kid willing to learn as much as possible to set up his future.
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24 January 2022 | 25 replies
The moving part isn't a huge deal, but I have a wife and 4 small kids.
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6 January 2022 | 0 replies
After brainstorming and exploring our network, this became an option as a way to buy a rental with no money down.
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11 January 2022 | 13 replies
(I kid, I never owned Gamestop)).
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7 January 2022 | 2 replies
So that might be the avenue that the sons get to that shows them they are not in trouble but have a big win fall coming. now we have helped a few times like this were the kids were addicts and could not do anything and we were able to petition the court to get standing and help these folks through it.. but we had to pay our attorney and then the resale has to be approved by the judge there is some delta to be had.. but it certainly not going to be as described above which any judge would look at as unconscionable profit.
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11 January 2022 | 8 replies
When I ran my numbers, I ran with increasing the rent $50 right away and then over time adjusting it slowly with the tenant to market rent (or market rent to a new tenant if this one left).It's not a cash flowing property as is when considering variable expenses, but is appealing to me because of the maintenance already done, purchase price, close to home (so I can work on it with my kids to teach them), and with some businesses I can do 2+ year leases for a little more stability.I would like the seller finance so I can keep more reserves as I'm also looking at a STR cabin purchase.
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21 February 2022 | 10 replies
So I’m not trying to keep hearing the same thing on repeat it’s like a Greeting from McDonald’s get to the beef not the bun and pickles and all the topping get to the meat of the situation or even Listen to the strategies I’ve been exploring and offer solutions not tell me what you’ve told every other 100’s of investors in Charlotte
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8 January 2022 | 4 replies
I work ~30 hrs/wk and make more $$$ than I would if I had a traditional FTE job.... but I cant obtain a mortgageWhat are some ideas other than a parent cosigning that I could explore for financing???