Hello guys so i am caught up in a dilemma here. Three months ago i joined my local reia and i have learned so much about investing from the meet ups although i had prior knowledge before attending the meet ups, i need...
I bought a place three years ago and I’m thinking about selling it for a capital gain around 20 K my gross annual income adjusted is $50-$60,000. I am trying to figure out capital gains tax and what I don’t know is if...
How do you buy and hold investors out there handle security deposits in PA -- or other states that require deposits over a certain limit ($100, in PA) be placed in true Escrow Accounts?
My dilemna is such: th...
Hey so I haven't done any deals yet and I was wondering what people do when they budget on a monthly basis on their rental properties for Repairs,Property Management,Capex,vacancy...etc. Do they have checking accounts...
I was thinking that after a prospective tenet passed the criteria to move in that I could ask them about if they budget or not. If not I could give them a handout that has useful tips on budgeting.Is this appropriate...
Hello!I'm already a few years into a single family home house hack where I rent out some rooms. As I listen to pod casts and do more research I realized I need a separate account to keep things happy with Uncle Sam. I...
Hi everyone,I am looking to invest in 4-5 real estate syndication deals in the next year. These are syndication managed by someone else, which I will participate as an investor. As part of this, I have a question rega...
Hello BP, I am looking into purchasing my first duplex, which I will be owner occupying. I have a question about how to manage my banks accounts. I want to keep my personal income/expenses separate from my business in...
Hi BP,Had an interesting convo with someone the other day debating the Solo 401k option for self employed individuals or taking the annual tax hit but keeping your cash more liquid to actually purchase rental real est...
I already have a primary vehicle. I want to purchase a secondary work truck (20k) and dump trailer (7k). Trying to figure out how much of these purchases I can deduct. Also, what other deductions would that cut into (...