Andy Nanneman
Previous primary residence rental. Renovations and taxes
I have a paid off home I have lived in since 2011. I recently moved to another residence. I would like to turn the older home into a rental property (if the numbers make sense). It is in an area that is experiencing c...
Nelson Del Castillo
Rental income on tax return
Hello all,
I own and live in a legal 2 family home with an in law apartment. I receive a total of $2370 in rental income a month. If I add this rental income to my tax return will it be counted as income when applyi...
Greg P.
Pay myself Salary will help qualify for 30 year loans? Advice please
Hello, my question involves having my company paying me a salary. Would it be smart to do this since if I can show two years income, then I can qualify for 30 year loans on rental properties I am planning on owning. ...
Kin Lay
If you only have $5,000 cash and $15,000 credit...
If you only have $5000 cash and you can borrow up to 15000 from bank or institution this year, how would you invest that money? Assuming you are fresh out of college and just landed a job for 6 months. Also, assuming ...
Zoie Holley
Hard finding financing
So for the past week I’ve been diligently working to find homes for sale that I could pitch seller financing too. It seems like every single time I call they never fail to mention how they always have a cash buyer on ...
Tiffany Da Silva
Advice needed on real estate LLC business banking & Organization
Hello All,I have been investing for the last 4 years in real estate and am on the way to purchasing my 3rd property (a flip :)I am having a hard time knowing how I should organize my incomes, expenses, taxes, ect for ...
Jason Phillips
repairs
hello all . i think this is a tax question . i can do 99% of all my own repairs but my labor is not deductible on taxes . so i want to hire out for repairs up to the point were it starts costing me income. does anyon...
Christopher Kolasa
Half net worth in 401k, time to stop contributing? Futures.
Hey all, with the begins of my rental portfolio underway, a duplex and a single family (partnered) with a built to rent property under contract that'll be ready Q1 next year (2021), half my net worth is sitting in my ...
Joshua Dorkin
Bush Proposes Stimulus Package of 1% of GDP - Thoughts
President Bush today proposed an economic stimulus package amounting to 1% of GDP. His ideas included:
Immediate implementation
No Tax Increases
Bolster business and consumer spending
Tax rebate check
No Spending Pr...
Account Closed
401K or Not?
Hello all.....
I'm just about to buy my second multifamily property and one of the advices that my uncle gave me was to max out my 401k. Now, don't get me wrong, he owns a franchise and also has about four rental pro...