Manson C.
Live in CA. Rentals in FL, TN, and IL. File state tax?
Hello,I am a real estate investor in CA. I own rental properties in Florida, Tennessee, and Illinois. I already filed my federal and CA tax return. Do I need to file state return for FL, TN, and IL?As far as I underst...
Pablo P.
Questions on buying first property for rental
Hi Everyone, I got a couple of questions in order to do my first investment in USA as a foreigner. My plan is to buy a 150k property for long term rental in MD:1- To buy through an LLC I need an EIN to open my the ban...
Bret Halsey
Section 8 Housing Opportunities
I've heard of some investors getting more money as an incentive to rent their house through Section 8. Does this really happen? Can you be paid above market rents by Section 8 to sort of offset the perceived higher ri...
Gregory Bell
Greg B. in East Texas - Tyler area
Hello, I'm Greg and I moved to East Texas around 11 years ago from the Northeast. My goal is to soon buy a duplex as part of my future retirement income, eventually I'd like to own maybe 10 rental units. At age 50, I ...
Chase A.
Millionaire in five years
Theoretical question for you guys: Imagine you have no money and few skills. You have to become a millionaire in 5 years. How would you do it? Looking for specific and actionable answers/ideas that are accessible to t...
Mitch Vogatsky
Income Savings Rate Calculation
Hi everyone, I’m having trouble finding an answer to this question in the forums and on the web in general. I’m wondering how you all calculate your income savings rate? It’s obvious that you would go off your net pay...
Abdallah Saeed
Making a Pro Forma and analyzing a deal.
According to the ABCs of Real Estate Investing, we are to look at the unit mix schedules to verify rent income on properties. It also says that rarely do you get the actual rent numbers on the presented brochure, and ...
Trevor Harley
Where to find partners for large apartment rentals
Hi all,I'm looking to get started in apartment rentals, preferably anything larger than 4 units. Where does one find other folks to partner with on this? I tried searching the web and only seem to get sponsored ads fo...
Samuel Strickland
New guy intro from Maine.
Hi BP!
I'm Samuel Strickland in Freeport, Maine and am so excited to have found this site! I've been to a few Guru seminars and have done a ton of reading and research over the past 8 months so now it's time ...
Jeffrey Mendoza Alca
How to best estimate the rent price on a neighborhood?
I havent had any experience in investing on real estate and i have read some on the book on rental property investing and I really love the rule of thumbs which are the 2% test and the 50% rule. My problem is i dont r...