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21 February 2024 | 32 replies
If you have good W2 income you’ll see your wealth accelerate faster in CA once you get into REI.
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20 February 2024 | 2 replies
Many states do have exemptions if the beneficial owner has not changed - like in your case.Federal - there are no income tax issues here.
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20 February 2024 | 11 replies
Whereas any income you get from lending your money would be taxed as ordinary income.
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21 February 2024 | 8 replies
I even created my first LLC to start the fix and flip business, funding it with enough skin in the game, elsewhere hoping to use OPM rather than my own capital to fund these projects as it has been difficult finding a lender who is comfortable with loaning to me solely without an LLC.My goal has always been to match my W2 income and eventually double it and more so I can work as a hobby rather than relying on it to live.
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20 February 2024 | 8 replies
I'm hoping to find about 15-20 single-family cashflow deals over the next few years to replace my current income and bridge to retirement within 5 years.
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21 February 2024 | 14 replies
I looked further out of CA but the lower property taxes, no income tax, and landlord-friendly benefits of Nevada sealed the deal.
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20 February 2024 | 9 replies
Both of us have corporate jobs with decent salaries, so we are saving about half of our income every month after all fixed and variable expenses and we have no plans to move in the foreseeable future.
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20 February 2024 | 5 replies
Build and nurture as many relationships as possible so you can use the commission/extra income from these deals to put towards your next investment property!
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20 February 2024 | 0 replies
Income, and solid foundation for future investments Lessons learned?
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20 February 2024 | 3 replies
My income is great, and my credit reports are spotless.