Twana Rasoul
If you are starting out, DO NOT pay for mentorship
It is pretty amazing to find just how many people are offering "mentorship" for 10s of thousands of dollars to newbies who want to get into real estate. What is more amazing is the amount of people actually buying th...
Michael Zagorsky
Seriously thinking about starting S-Corp or LLC taxed as S-Corp
A little background.I am a W-2 earner. My employer also provides a high deductible (HSA) eligible health insurance plan for my wife and me. My wife had a side business and a W-2 job but this year she decided to go fu...
Marissa G.
Self-Employed Potential Tenant
Hi all! First time landlord here. In short, I am in the process of screening a few prospective tenants. The first is self employed with variable income. Gross business income covers well over 3x rent, but the net take...
Ruben Goodbear Anders
Would you make offers before you have funding setup?
I keep hearing the “build it and they will come” strategy as highly effective. Brandon turner asks, “Well how many offers have you made this week?” Surely if ten got accepted at once, you would have to finagle some cr...
Ryan Duffy
Hello from Atlanta! New member, interested in STRs and starting REI journey
Hi all!Apologies in advance for a very long post. It was more to help me to pull my thoughts together in one place but figured I'd include it to give additional color and information. That said, if it is anything like...
Wesley Raye
REI CPA needed for first year landlord North County San Diego
My wife and I have been using turbo tax to do taxes for the past few years. We both are W-2 earners and house hacked back in 2013 converting a Carlsbad, CA condo into our first rental. The first year of self managing ...
Shatori Walker
Remote Investing (getting started)
I wanted to get started in real estate but I have not only have zero connects but I am constantly traveling between the USA and Europe about every 6 months. I don't know where to begin and I have plenty of capital to ...
Karen Kushner
STR and LTR Tax Interplay against W2
Hi All,Interested in purchasing a STR this year, meet material participation rules/100 hrs, obtain cost seg and bonus depreciation. If we can swing it, we may also be able to purchase a LTR towards the end of the year...
Jonathan Newsome
2019-2020 Taxes on Wholesaling
I started wholesaling this year under an LLC. I've been setting aside a percentage of my wholesale checks specifically for tax purposes. I'm also a w-2 earner, being employed by the US Military, which makes me a part-...
Austin White
Short Term Rental Loophole and Alternative Minimum Tax Impact
Community - My wife and I are high-income earners, each with salaries greater than $150,000 per year. We file separately for a student loan strategy. We purchased, renovated, and placed our first short term rental in ...