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As a property manager, the ability to identify a good rental property is crucial for success in the real estate industry. Knowing what to look for can save you time, money, and headaches in the long run. It's importan...
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I know an out of state owner with a vacant property near me. He'd like to form some type of partnership and rehab the property. He owes nothing on the house but due to his own ciscumstances he does not want to take ou...
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This year, I did LLC taxes for the first time (we formed in 2012). I used TurboTax and did it wrong. I was/am on a steep learning curve and did not even know that we members had to claim any profits on our persona...
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👉 Debt to buy assets is completely different from credit card debt (bad debt).
Leverage (when used correctly) is a powerful way to build wealth.
Here's how:
1. We buy an apartment complex.
2. The bank contribu...
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Hey everybody, I'm just thinking out loud here so bear with me if I don't make much sense. I'm just trying to capture some thoughts before they escape this mindtrap brain of mine.I'm a small time side biz investor, on...
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Hi experts. I recently found out how contributions work for a solo 401k and that rental income is passive. So basically I'll never be able to contribute my solo 401k in this entity. Not the end of the world, but certa...
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I am evaluating 6-10 unit apartment buildings and wondered how others have structured seller finance deals?  Â
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I've got a good/bad tax problem and I'm looking for some advice:My wife and I bought a rental property in 2015 for $275k (no LLC, purchased directly in our name, so technically a partnership). We put about $25k into ...
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My wife co-own a 10 housing unit and 8 storage unit portfolio. The goal is for the properties to pay themselves off with positive cash flow in time so each partner has 3k in passive income. Each partner equally contri...
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Hello Everyone,My name is Jacob Chan. I am a 1st Lt in the Air Force currently stationed in the Colorado Springs area. I recently purchased a SFR (4 br/2.5 ba) with a 0% down VA Loan about 3 months ago. I still have a...