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Cousin A currently lives in one half of their primary residence and rents out the other half.Cousin B has a rental property they want to get rid of by doing a 1031 exchange.If Cousin B buys 50% of Cousin A's house as ...
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Hello everyone!I’m Charniece and I’m ready to get this Real Estate experience started.Here are the basics:-Chicago native currently living in Naperville-Currently employed as a night shift supervisor for a pharmaceuti...
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We just took over a vacant 3 unit apartment building in Weehawken NJ. The laws in Weehawken, NJ aren't too clear on what we can rent the units out for. The building was delivered vacant to us, so since we're the new...
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So I have gathered from a previous post to go and seek out investors at REIA meetings to find a mentor. But what incentive do investors have to become a mentor for someone? I am asking because I would like to be in...
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Hello all, new to the Real Estate world, only one SFH under my belt (which I’m currently living in.) Both my wife and I are active duty military near Colorado Springs. I just used my VA loan for our current property. ...
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Thanks Theo Hicks for this amazing blog post.
In our recent interview with @Slocomb Reed and Phil, we looked at the importance of real estate investing and tax planning. If you use tax mitigation techniques like cost...
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I am going to create an entity and my 3 priorities are...1. Asset Protection2. Anonymity3. Tax advantageous (would be a plus)I live in CA, and invest in 6 regions outside of CA. I am no longer comfortable with my umbr...
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I've tried searching the forums, but couldn't find an exact answer to this question. Depreciation reduces the cost basis of your property, and has it's own, 25% depreciation recapture tax rate when you sell. So if you...
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Hi all, I've recently discovered that the benefits of solar energy on a rental property are growing and increasing over time, saving most homeowners anywhere from $20,000-$50,000 and up! I actually quoted a cash buyer...
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Hello everyone! I have a 401k with a company I work for. Although my career used to be with this company, I have started a contracting business in the last few years. However, I am still employed by this company on...