7 June 2021 | 23 replies
I take it that means you're self employed?
31 May 2021 | 0 replies
As part of its price stability mandate, the Fed considers 2% to be healthy, though it is committed to letting the level average higher than usual in the interest of promoting full employment.
31 May 2021 | 2 replies
The strategy I would love to adapt is a 'buy & hold' strategy, because I believe that buying and holding income-generating assests like rental properties is one of the best ways to build weatlth over the long term.The main question of my post concerns defining my own market.
6 June 2021 | 36 replies
None of my generation at that time knew that was coming.
1 June 2021 | 6 replies
I don't know how they hold the deed.The questions: What would be the easiest way to transfer to the next generation?
18 July 2021 | 16 replies
. $50k K1 loss3. no tax on distribution during the entire 5 years because of $50k loss.4. at the time of sales, you still have $20k loss left5. at the sales (~2.5 times multiple), you get ~$200k back ($100k original capital + ~$100k profit).6. you owe IRS capital gain for $80k + recapture of depreciation, depending on your income, up to 20%.If you don't do anything, then you pay IRS long-term capital gains tax and it's all done.However, if you invest all the proceed of $200k in the same calendar year on a deal with the same terms, then you generate $100k paper loss effectively offsetting capital gains tax from the first deal.It seems like you will eventually run out of paper loss unless you put additional money in. however, you can defer the tax quite a bit.You can continue to do this until you die.... when you go, your kids will get this tax-deferred investment on a stepped-up basis wiping out the tax liability.Am I understanding it correctly?
3 June 2021 | 4 replies
I work in lead generation for an international ecommerce company.I use AI and semi-automated systems to identify and contact prospective leads for my clients business.So, I have a plan... to use my leadgen knowledge and systems to source commercial property for investors.And one day I hope to make enough to purchase my own dream property, a small farm not to far from the sea is my goal.
6 June 2021 | 18 replies
I want to build a portfolio that will generate $100,000 in passive income.
1 June 2021 | 1 reply
Neighborhood is kinda between crap and up-and-coming, great location to larger employers but corner of a busy street, rehab ready kitchen and baths.
3 June 2021 | 4 replies
I have a 4BR/2BA in the Denver metro area that generates ~$2700 in rent by renting out by the room.