Hello everyone. As the title states I am new to the world of real estate investing and I currently reside in the San Fernando Valley.
My goals are to get my feet wet in this industry through wholesaling real e...
It's only been a few weeks since I've serious started looking into RE investing. The BP forums are a huge source of what looks to be valuable information on the subject. Being a cynic, I was initially very skeptica...
Hi,New investors here from Bay Area (CA). My husband (@Welbon Salaam) and I are located in the East Bay. I work in the tech industry and my husband is in between jobs.We currently own one rental (purchased in 2010) al...
Found a 4 plex in Pueblo, CO. Their asking price for the property is 169,900. Each unit is 1000 sq ft with 2br and 1 ba. Average rent on 2 bedrooms in this area is about 685 (sourced from rentometer, zillow, realtor, ...
I own about 16 rental properties. From time to time, I consider selling a property and ask my CPA what he has as the cost basis so I can understand the tax ramifications. Then there's a long wait... Is there somewh...
Hello! I have been using excel for my accounting for 6 years. However with 38 units across 14 properties its becoming an issue. I do use Buildium to do applications, background checks, rent collection, tracking ect. B...
When I first started out in this biz, I read a ton of books, attended a ton of seminars and paid for training/bootcamps from the gurus (my only real mistake). After having a solid foundation under my belt as far as ed...
Let me start and people can add:1. Deeding a property in their personal name to a LLC.Why, because you now have additional costs and are getting no asset protection since your LLC didn’t buy the property (and 99% of t...
For those that are interested, see the new IRS Notice 2019-07 that was just released. After a quick skim (page 7), it looks like we finally have our guidance on possibly claiming the 20% QBI deduction on rental income...
My husband and I bought his grandmother’s house last year and have fixed it up. We decided to use it as a vacation rental to offset the costs of owning and maintaining it. Our fIrst guests since the remodel are stayin...