Neil Wei
Multifamily househacking analysis help
9 February 2024 | 25 replies
With a $100K, 33% down, mortgage instead of a $180K mortgage, 20% down, I manage to snag a property where the rent of 2 units covered the mortgage and taxes, and I house hacked for free.
Kate Brown
Liar Kris Thomas Land Flipping 101 is a Fraud!!!
11 February 2024 | 40 replies
buy low sell high sell for cash for carry contracts.U find land at Tax sales a lot of the time. or you use whatever direct marketing concept you can afford direct mail telemarket etc.you need great phone and closing skills .. anyone can get leads but without closing skills your success rate will be limited greatly.
Vi Prich
Selling rental to pay off primary
9 February 2024 | 22 replies
@Vi Prich if you lived in the rented one 2 out of the last 5 years, you can keep up to $250,000 single or $500,000 married equity tax free.
Gail L boucher
Looking for investments to avoid capitol gains
8 February 2024 | 12 replies
This all depends on the numbers and I suggest a tax advisor.
Account Closed
Squatters Have Taken Over 1,200 Homes in Atlanta GA – One Is Now A Strip Club Yikes!
9 February 2024 | 7 replies
While acknowledging this issue, my primary concerns lie with the potential ramifications on increased property taxes and insurance rates for my properties.
Max Gabriel
Left my 9-5 as a CPA, looking to transition into Real Estate Acquisitions
9 February 2024 | 6 replies
Previously, I had been working two big corporate jobs, mainly in a back office accounting/tax function; however, after a series of life events, I realized life was too short to spend your days doing work you despise, plus, the money I was making at my 9-5 was not that exciting.
Eric Rich
Best strategy to buy off market on a specific block.
9 February 2024 | 4 replies
Of course when you look downtown the home prices get much higher, however, there is a historically redlined area, that is still very close to downtown, and just because it's on the west side of the freeway and houses are less taken care of, you see homes for less.Developers are quickly snatching up properties because of this reason and because recent zoning laws have done away with single family zoning, so I'm feeling a sense of urgency to get into a home in this very specific neighborhood.I'm not a super personable guy and feel strange knocking on doors, so I started digging into delinquent taxes.
Joel Oh
Write off luxury car under STRs?
7 February 2024 | 34 replies
Trust your tax advisor's guidance!
Quincy Mingo
Purchase 3-unit from Business Partner (Buyout and Capital Gains Tax Liability)
7 February 2024 | 0 replies
From a purchase and tax standpoint, I would operate the business expenses as usual in the name of the LLC as previously done.