7 September 2021 | 5 replies
I prefer to make my large gains inside my ROTH IRA which is an LLC.This keeps me from paying tax on money my IRA makes.My ROTH owns several rental properties that it bought cheap and fixed up.
6 September 2021 | 2 replies
It makes sense that someone who has gained a following and some sort of notoriety in the RE field segue into selling courses, but I doubt I will ever pay thousands for these courses or a 'mentor' again...
12 September 2021 | 44 replies
If you are a hands on learner, I suggest going to work for a developer or contractor that works with developers so you can gain hands on experience.
7 September 2021 | 2 replies
As you gain more experience they may let you only put 10% down.
7 September 2021 | 2 replies
First thing is gaining knowledge and experience in the asset class you'll be purchasing.
6 September 2021 | 4 replies
There is definitely going to be higher interest rates in the future and at some point the lines will cross between your lower rate due to a future higher score and higher rates due to fed movements.Approx. 640, but I could easily get it to 720 if I paid down my credit cards, but I intentionally haven’t been as I’ve been using that money to invest (which was a good idea as I have had 600% gains this year).
11 September 2021 | 4 replies
This may or may not impact rental returns, but I assume it will limit equity gains in the future.
9 September 2021 | 8 replies
You need to be prepared for this as you gain more and more success.
7 September 2021 | 6 replies
Obviously, only makes sense to defer gains under 1031 if someone has more than the $500k capital gains that a married couple could already exclude.
7 September 2021 | 0 replies
Rehab Construction:R-19 or higher wall insulation (except for in the Deep South)Insulated sheathing or right foam boardIf the walls aren’t T-19, HVAC should be SEER 14 (at least) and 95% AFUENew Construction:R-19 or higher wall insulation.High quality windows such as Energy Star, U-values (in the North), and Solar Heat Gain Coefficients (in the South)Who can claim the tax credit?