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I need money advice, here's the situation. The banker my family uses and the one we used to get some money out of the equity in our house when we first were gifted it, told me we were pre approved for a loan to do a f...
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I'm a new investor and recently purchased a duplex in Indiana, with the intention of investing in a second property relatively soon. My partner and I are using the IN property for short and medium term rentals and it'...
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Myth 1. IRS audits are very common / IRA audits are so rare that you can forget about them
The latter was true during the recent Covid years. We recently had an under 1% audit rate. However, two things are good to re...
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I have had this come up before. I just received a call from a prospective tenant wanting to see one of my SFH who said she would pay the entire year in advance. I hate to sound cynical, but now I am wondering what k...
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Hello everyone,I am currently renovating an old home in upstate NY (Catskills Region) for use as an STR. This is my first deal. I am wondering if it is worth it to hire a designer to pick out flooring, wall colors, la...
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I know some of the below variables vary depending on your geography, but here in Texas DFW area the estimates for property taxes, insurance and holding costs are fairly accurate.
I would appreciate more experienced ...
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So, I'm a couple weeks away from closing on my first 4-unit and was wondering... "How am I going to pay myself?"
How do you initiate and record payment to yourself? Do you put yourself on payroll? Do you calculate yo...
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One of my mid term rentals in Upstate New York is going through a little slower period renting out this winter.This property is currently listed on airbnb.com and furnishedfinder.comDoes anyone have any creative ideas...
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I have been trying to learn more about the self-directed IRA because my potential investment money is currently setting in a traditional IRA. I find the BRRRR method most appealing. Would I be able to purchase a home,...
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I’ve just completed the rehab on a property and started taking rental applications. I’ve received an application via Zillow (with their credit/background check), and received what appears to be a very qualified applic...