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What is your FI (Financial Independence) number?
How to find your FI number: Determine your annual spending in retirement, yes, you need to have a budget! Multiple the above number by 25. Example, if you require $60,...
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My parents own a 1031 Exchange, single tenant property and the lease is coming to an end.They purchased this property years ago and they have used it for their retirement income.They've asked me to handle the property...
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I recently created a TX LLC to buy and hold rental properties. The LLC has 2 members and when I registered to get an EIN with the IRS, my registration got switched from an LLC to a Partnership. The IRS website mention...
Hello all. I have a duplex that currently has 1 tenant receiving a partial Sec 8 voucher. I purchased the unit about 3 months ago. The tenants (older married couple) are excellent, have been there 4 years, very low m...
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If you're on BP, you probably already know that real estate is a smart way to invest and build wealth. There are many reasons for this - real property will almost never fall to zero, cash-flowing assets that also app...
Hello Everyone,Last August I purchased a property in San Antonio subject to the existing loan (Wells Fargo HELOC). At the time, the owner of the property was deceased and his wife was no longer competent due to Alzhe...
hello everyone! im newbie and learning so much. everyone here is great with the sharing of knowledge. i hope to contribute some in the near future.
i am 21 and purchased my first property at 19[strawman]. i orchestra...
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I just have some general questions about taxes on real estate income:1. If I turn a profit on real estate, what tax rate would I pay? Long term capital gains? 15%? 23.8%?2. Is there a way to always avoid taxes even af...
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✨When you buy an apartment building with a syndicator, you are not buying real estate. You buy are buying a security. Yes, a security. Sound strange? Perhaps. The reason you buy a security is that the syndicator creat...
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I couldn't find an answer, so I came here =). I'm looking to 1031 a property, which I own jointly with my wife, but she has poor credit. My thinking was that I could use a Q. Claim and get her off title, and then do t...