Vaishal Patel
Isnt real estate profitable most of the times if you have the cash?
Ok here's wat i think.Lets say i have 250k in cash and i am looking to buy a investment property for 250k. since i am buying it with cash i dont have to worry about mortgage.I buy a good property in a good neighborhoo...
Kyle Hipp
purchase property or llc that owns the property.
Another question in the what if category. I am curious to the details and differences between purchasing a rental property from someone who owns the property through a LLC or just buying the LLC. What tax or other iss...
Jane Dang
Roof Replacement on Rental Property
Hi,My rental property's roof is 20+ years old. Last year, a heavy rain and storm damaged it and I had to replace the entire roof which costed me $21K. I understand that a roof repairs can be deducted as expense in t...
Stella Xu
Migration patterns for high income earners from urban cities
Hi all - I feel that we're about to see some major migration shifts coming from the expensive urban cities such as NY, Seattle, SF given the new work from home policies that is becoming permanent. It started with the ...
John Brito
Tax Season for a new investor
Hello, I purchased my first 3 unit in Dec 19 and I am in the process of looking for my next unit since my first was not with an FHA loan but home possible and I am going to use FHA in a better location for the n...
Ken Sanders
How do I get rid of worthless real estate?
A few years ago I purchased a vacant residential lot in my personal name. I won’t post too many details, because I don’t want to obscure the true issue at hand. All I’ll say is that the property is worthless. Complete...
Kevin Phu
Residential Rental Tax and License
Hey all. I recently purchased a property in Phoenix and I'm a bit confused about the "Residential Rental Income Tax" and licensing requirements. We don't have this here in my local market. I looked through the treasur...
Michael Weis
Receiving 100k as a gift
Good Morning, I have someone who will be helping me get my journey started by gifting me 100k. I know they are responsible for tax forms on their end. What's the easiest way to receive the money? Is it as simple as...
Brandon Turner
Any Vacation Rental Owners (with Multiple Units) Out There?
I'm looking to potentially write an article on vacation rentals and would love to talk with some folks about their experiences with vacation rentals. If this is you, jump in this thread and let us know a brief version...
Eric M.
Need advice on taking over a "free" duplex
Hello all.
A situation has come up and I need some advice from the experienced guys and gals on this forum.
My father owns a duplex (1/1 and 2/1) which he is currently underwater on. He is either breaking even or l...