I am currently a real estate agent living and working in Houston, Texas. I have been doing it for about 2 years. Also, about 2 years ago I purchased a condo in a building in Midtown. When the area was completely unp...
Howdy - We just purchased our first short-term rental that is in mine and my wife's names. We will be collecting tax and reporting it each month. We want to run everything through our business and found out the govern...
Hello! Please let me know what has worked for you and what your great ideas are. We own a home with some accessible equity immediately (maybe 75K), have a decent amount in 401ks. Looking at a commercial property for...
Just spotted a foreclosure at 170,000 in a neighborhood where the comps are 220 to 250, sent the realtor this : "Hey Joseph, Darnell Robinson here, I'm a new Real Estate Investor just getting into this game so if yo...
As I have grown in my REI journey, I have been able to join a Massachusetts based group of 55+ real estate investors of varying backgrounds. Recently I sent a thoughtful email to the group about my desire to build a l...
I am interested to know how using a tax-deferred retirement account to purchase a rental would affect my ability to use depreciation. On the surface, it seems that you would not be able to depreciate an asset in a t...
Is it worth your while to identify more than 3 properties in a 1031 exchange? And what would be a good reason to do that. In my situation I need to buy a $440K property(ies), and should I look for 2 properties at $22...
Is there any way to buy these types of foreclosures if they are not listed anywhere?There are two foreclosures near my personal home that have been foreclosures and vacant for over about a year and a half (AL right of...
For those of you with multiple LLCs for your rentals, what types of naming convention do you use.I've heard a few like street address, or plain numbers.Some states don't allow just numbers and some baulk at initials.JD
I’ve been watching bigger pockets YouTube videos for almost a year now. I’m ready to jump into the real estate game but I don’t know where to start.
I’m married with 4 kids, I make about $175k a year, we have about ...