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2 July 2024 | 108 replies
That's a lousy spend of money.
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5 July 2024 | 5 replies
I don’t want to be convinced that the quick money will be better than waiting it out for an offer that makes more sense.
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4 July 2024 | 6 replies
Then you transfer your existing IRA funds (except Roth money) into the checking account associated with your trust.
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4 July 2024 | 2 replies
But, while you are still doing travel nursing for work, I wouldn't get the license because you will be spending money that you don't need to.
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4 July 2024 | 6 replies
I'm not afraid to buy, in fact I hate money sitting in the bank doing nothing for me.
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1 July 2024 | 27 replies
As part of my investing journey, I'm now on quite a few wholesaler lists and receive off-market deals almost daily.On properties I'm interested in, I'll get into the research on the property and then run numbers (working hard to develop these skills), and then I'll notice that some of these deals aren't deals.For example a property is being wholesaled for 120k, but was last bought in 2022 for 60k, it needs a ton of work (30k est), it's vacant, and they say'll it'll ARV at 180k and the neighborhood comps (both nearby sold properties and even rents actually) do not support that ARV.
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4 July 2024 | 4 replies
I have a ton of hobbies that I don't make money on.
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5 July 2024 | 5 replies
However, you should also consider the cost of adding an extra bedroom and how much could you increase your rent for + how long will the money be returned back?
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3 July 2024 | 9 replies
I would lend it out via hard money, which I'm currently doing, at 10%.
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4 July 2024 | 3 replies
Depending on how much money you're making (which, if you're at a loss, may not be a ton), those trusts can sometimes cause more tax than going the standard LLC route and just paying the $800 in the first place.I'm not sure from your post if you're talking about income taxes that are owed, or the $800 LLC fee, which is more akin to a franchise fee in the terminology that you're using.