I have an interesting issue - I hope this is the right place to post. I have access to private funding (parents) but we don't know how to structure it so I'm the only one on the loan/deed. It needs to be an non-owner ...
Hello!My name is Reinier Napoles. I am new to the RE investing world. Ever since I picked my first book "Think and Grow Rich", My mentality has shifted towards becoming financially free and independent. Down the rabbi...
Hi there. My dad is in jail. He will soon go to prison for the rest of his natural life since he is already old. I am his general durable POA. I am also his vanguard POA/full agent. He has a traditional IRA. I would l...
I've tried searching the forums, but couldn't find an exact answer to this question. Depreciation reduces the cost basis of your property, and has it's own, 25% depreciation recapture tax rate when you sell. So if you...
This post is designed to help people who owner manage. Typically the number one contributor to cost, both in single family and multi family, is turn cost. Mitigating the time a unit is not rented is key to establish...
My mother in law owns a home here in Houston with a current FHA mortgage, but had to move closer to us (on the other side of Houston) for health reasons. So, she rented out the house using a property manager and reloc...
Hi! My name is sheila and im a nurse and my husband works for coke. Last year i made 247k (before taxes) and my husband made 80k. Our taxes for 2022 was 54k so we ended up owing 3200. In 2023, im estimating making 312...
How do you guys approach selling (retail) from October to December? I have two rehabs to be ready to market during these times. I usually avoid inventory during the fall months due to holidays, vacationing, etc.
A friend of mine is saving up for his first downpayment. At his current rate it’s going to take about 3 years of saving in order to come up with his first downpayment. I’m curious how others came up with theirs. My fi...
My name is Edward Ajello, I’m 17 years old looking to get into real estate (wholesale) and I need somewhere to start. I want to start out doing assignment contracts because of my financial status and would be easier t...