27 February 2019 | 3 replies
Because of many of the tax advantages, using this type of funding can save $1000, even $100,000 in taxes making it that much easier to build up a retirement nest egg.All of the retirement vehicles like IRAs, Roth IRAs, 401(k)s, Coverdale Education Savings Accounts, Health Savings Accounts and maybe a few others can be set up with special qualified custodians and then be used to invest directly in whatever type of real estate investment the investor might want to do.This is a whole month long course in itself, so be sure to get educated about Retirement Funds and many of the custodians have numerous articles, vidoes and webinars on the subject to get you educated.Insurance Plans: There are life insurance plans that combine a term life insurance policy with a savings plan.
25 February 2019 | 1 reply
Hello!Got introduced to real estate investing from a friend who is an MD.Totally a RE noob. Have a mortgage for my residence (wife and newborn). I am an optometrist. My student loans are paid off, my retirement accoun...
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29 August 2019 | 4 replies
My landlord is in her 90's ( only heir is her son in his 70's poor health) and she's considering selling me the property.
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23 March 2019 | 7 replies
As a retiree , I will take full family Health insurance coverage for a very low price (1.5% of my pension amount ).
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24 February 2019 | 2 replies
However, it was old brown shag and we paid $980 total in pet deposits and monthly fees that more than covers the $780 line item.
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27 February 2019 | 4 replies
You need to learn how to determine market value, how to advertise, how to pre-screen and screen, how to protect against predator tenants, how to deal with late rent or unauthorized tenants or pets, what you need to know about lead paint or mold or ice dams or furnaces or pet urine on the lawn...If everything goes right, you rent the place one day after advertising, a little old lady moves in, and she pays rent without fail for 30 years at market rates and you walk away a winner.The more likely scenario is that you'll enroll in the school of hard knocks and be beaten back and forth many times before getting it right, losing thousands or tens of thousands in the process.
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26 February 2019 | 4 replies
Perhaps address any issues that could cause the house to deteriorate as well as any health and safety issues.
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5 March 2019 | 6 replies
Somehow I don't see them willing to give up taxation of that investment gain so easily.2. this is born out with a statements from Pub 523 You can meet the requirements for a partial exclusion if the main reason for your home sale was a change in workplace location, a health issue, or an unforeseeable event.
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1 March 2019 | 23 replies
First property is the hardest, each one gets easier.One final pet peeve of mine with newbies is please DO NOT list your title as Real Estate Investor if you don't own investment real estate.
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27 February 2019 | 6 replies
And yet, there is more already brewing with one of our city council proposing a tax on vacant units and another in the house legislature proposing to end any sort of pet rent.