Jim Goebel
Kids College Savings - 529 vs Coverdale vs Roth IRA
Hi everyone, We've been thinking through the best way to save for kids college. We have two kids and have been maxing out our state's 529 plan. Quinn is a 3 year old boy and has about $18,000 in a 529 account alread...
Jeff Schneider
25% flipping tax??? Not cool.
Let's not get into politics but since we're all like minded-ish investors, read this and let us know what do you think of forcing market changes, area changes, affordability, excessive taxing etc?https://theweek.com/s...
Don Jackson
Trying to evict, tenant got attorney, now suing me-North Carolina
My SF property is in North Carolina - section 8. Tenant is always behind on rent, so the PM suggested we evict. I said yes.
Lease was expired, so PM gave her 1 1/2 months notice to leave at end of January.
She trie...
Kyle Meyers
1099s
As I understand it, 1099s are required for anyone I pay $600 or more during the year for my rental property investing. I have a few questions about the exceptions though.
1. Do 1099s have to be sent to cities or coun...
Charlie Moore
Situation! Please speak on it!!!!!
Hi guys! I hope this forum can help me out again. As I build my investment portfolio, I keep learning. I keep going thru the good and the bad.Situation: I hired a marketing manager, just part time. Great kid. College ...
Asher Anthes
Renting to a few single people instead of a family, better cash flow but more hassle?
Okay, so I have a 5 bedroom house that I live in currently and rent out to friends as well. I'm doing a cash out refi and then buying another one to move into and bring them along with me.
I want to rent this one ou...
Jack Plantin
Too risky to convert and rent out illegal basement unit?
I'm in the middle of an deal for a legal two-flat in Chicago with FHA financing, but the numbers only work if I convert the basement into a livable space. FHA loan + expenses is $3000, Rental income with 2 units is $3...
Timothy Metra
Will the military take away from me as a real estate investor?
This is actually pretty funny, because I posted a forum and spoke of how hectic my schedule already is.For those of you who didn't see that, I'm 23 years old. I'm a contractor for a large aviation company and make pre...
Kirsten Ostby
Early lease termination fee charged to Military with orders?
Hey fellow investors and professionals. I have a question about charging early termination fee and wondering if anyone knows the correct legal answer. In my leases I include an early termination fee for those who deci...
Chris Little
Advise on tax return for RE investor and Realtor
Looking for some advice on finishing my 2020 tax return.
Here is the situation:
In 2020 I became a realtor and also acquired an investment property. 2 different activities that need to be reflected on my tax retur...