13 October 2021 | 11 replies
I'm looking to network and build relationships with investors, and gain as much knowledge as possible.
13 October 2021 | 6 replies
The longer you reside in a home the harder it is for most people to turn into a rental because it gains emotional significance.
14 October 2021 | 15 replies
I know we all get busy but spending the time and effort to gain that person's trust and build a great rapport is surely worth the time.
12 October 2021 | 14 replies
That way you don’t have to deal with the day to day and maybe can gain some perspective and reduce your stress from the property.
7 November 2021 | 8 replies
It's not just the amount of the gain that needs to be reinvested.
8 November 2021 | 5 replies
I’m concerned about capital gains and how this could possibly be a problem in the future.
12 October 2021 | 14 replies
It is like having heavy weight champion on your side.
30 October 2021 | 6 replies
Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion
13 October 2021 | 2 replies
Instead, you book the asset and a liability and then reduce the liability each time a lease payment is made.The gain on the flip will come through as either short-term capital gain or ordinary income, depending on how regular, continuous, etc the flipping activity is.
16 October 2021 | 7 replies
Ultimately what I was trying to gain was advice on if this is a crazy idea or something that would be feasible and a good idea for me to try and get started on.