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30 December 2024 | 8 replies
If they don't answer my questions, I know they have not read the ad and are just clicking and "tire kicking" or they lack the intellectual focus for me to have any business relationship with them.
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21 January 2025 | 59 replies
I think every investor who takes the time to read and understand what he said would agree with @Andre Brock.
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15 January 2025 | 9 replies
Like many of you, I started by reading Rich Dad Poor Dad, and from there, I dove into Brandon Turner’s book on real estate investing.I’m incredibly excited to embark on this new adventure and can’t wait to see where it leads.
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5 January 2025 | 5 replies
Having watched many prior co-workers get paid, cash their check at the casino, and promptly deposit it all into a slot machine I can tell you with pretty good certainty that casinos don't have a positive effect on disposable income and good use of the existing income in the area surrounding :)Are there solid local employers OTHER than the casino in a 15-minute drive?
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2 January 2025 | 8 replies
Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.3.
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6 January 2025 | 25 replies
@Marie Copul from responses I've read my thoughts are going to be the contrarian....
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6 January 2025 | 11 replies
Given that I am self employed, a few personal loan options, did preliminary asking about my situation, and they got lost in the weeds with how my real estate income looks so dismal on tax returns.
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12 January 2025 | 8 replies
I keep reading about all the weird financing issues in this space so I wouldn't actually put money in until mid 2025 or later.
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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.