My husband and I just met with a Financial Planner who had the deer in the headlights look when we talked about our rental properties and real estate notes. We are about 3 years from retirement and trying to get as mu...
I just created an LLC for my rental property, so this is all new to me. Is there any reason to pay a salary to my spouse? If I pay her, to make this simple let's say $2k a month, she'll pay taxes on that which means...
I was wondering what the tax benefits were of owning real estate? I know it is agreat investment, but I wonder what all the little details were. :mrgreen:
I am interested to know what you do for Health Insurance after you left your W2 income to go full time in REI? I am wanting to plan for the future, since my goal is to be full time in 2 or 3 years. I have the option o...
Hello, I am going to complete a 1031 exchange for the first time.I recall that I read in a book that most people do not understand the boot rule correctly, and many 1031 QI's implement it incorrectly. Specifically, th...
Good afternoon BP.
I'm currently screening an elderly couple from NJ that is moving to Charleston, SC area to be near their daughters and grandkids.
They intend to occupy my 4/2.5 on 1 January. I have multiple dis...
Romney named Paul Ryan as his choice for V.P. candidate... Personally, I love it, and think it will get the focus on the economy and solutions for America. WHAT DO YOU THINK?
Hi BP! I'm attempting to solve a challenge. Currently we have 20 units, all needing mowing/lawncare.Currently I have about 6 companies handling this because the units are spread throughout the Chicago suburbs. Althoug...
Market Vertigo
by Cliff Draughn
"We give you a Republic; now see if you can keep it." -- Ben Franklin
As I have remarked in prior calendar-turning newsletters, it is this time of the year when most people pause ...