Hello everyone, and thanks in advance for your answers!My wife and I are just getting started in REI, and want to make sure we are off to a solid start. We’re planning to form an LLC, taxed as an S-Corp. to that end, ...

Hello Everyone,I have hardwood floors that I uncovered when pulling out the carpet.I’m deciding if I should finish them or just buy vinyl planks. This would be done through the whole house.It’ll cost me approx 1.3k to...

Hi all, I had some tenants move in last month to a 3/2 SFR (I just closed on the property a month prior) and I really like them a lot. Good people. Anyways, the first day in, we realized the hot water heater needed re...

I'm a single mom and I work full time. Im looking to purchase my first home and I am looking into purchasing a two family home. Im a bit worried because everything I read says that having tenants is not worth it. Is t...

Hey Real estate champions, what option sounds best to you, if the intention is to get best return on real estate investment,  good cashflow,  cash on cash, less vacancy,  low maintenance, least hassle, and expect prop...

Hello allI am currently at a fork in the road! I unfortunately was very uninformed/uneducated when I made some decisions in terms of college. Because of that, I now am in 80k of student debt. I know this is asked ofte...

I hear people often say that real estate is treated more advantageously from a tax perspective than other businesses.  I frequently hear people say something along the lines of "I get 15% rate of return, and that's no...

AirBnB Income CalculationsStarting out in 2018 I rented out rooms in my house. I got continuous traffic, albeit small potatoes, but besides the joy of meeting interesting people and hosting, the greatest benefit was 5...

When entering information on my Turbo Tax Premiere software I see a screen that asks the following:  If this business shares common ownership and operates co-operatively with another business, you may want to report t...

Over the years my preference in flooring has changed a lot. I started out with carpet, then moved to refinished hardwoods in older homes, then I started exclusively using Allure Vinyl Planks (glue ones). Now I'm not s...