Megan Hirlehey
Amateur Investor from the Steel City
Hello Everyone,I accidentally got into real estate when I was 20 and dropped out of college. Up to that point, I had been saving money for tuition, so when I dropped out I had a nice little pile of cash that wasn't be...
Andria Kobylinski
Note investing in a Self Directed IRA
Hey all, newbie to Note Investing here. I am currently working on opening a self directed IRA and would like to use it to buy a few notes to start. Can I buy non-performing notes in my IRA or only performing? Aren’t t...
Luke Sanderson
Building Wealth in the Military With Rental Properties
This post is mostly targeted at junior military officers at the beginning of their career. However, it is applicable to anyone who moves, either due to work or personal choice, around the country for work. Or it could...
Alejandro Obando
House Hacking (FHA) in NYC or OOS investing w. turnkey companies
New Investor, trying to figure out what strategy I could utilize for my very first investment. My goal is to invest in a property that will generate roughly $300/ month in cash flow within the first year. currently sa...
Fabian Martinez
How can I grow my portfolio with my paid off rental property
Hello everyone, need some advise. I have this great opportunity to take my real state investing to the next level, but don't know what to do. I currently have three properties.
1. A town home that is currently rente...
Steve Welsh
Using One quickbooks file for both management and holding LLC's
Hey guys, Quick question. Currently I own two properties (my personal property has a secondary unit that we rent) and I bought a SFH a few months back that we are renovating now and have a holding LLC set up to own th...
Robin Valadares
My Second SFH, St Catharines, Ontario, Ca
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $265,000
Cash invested: $1,500
2+2 Bedroom, 3 Bathroom, Semi Detached, 1.5 parking space, Freehold Home. Currently ...
Clifford Sumner
A big hello from Tampa, Florida!
Hello everyone! So, I'm a brand new member of BP and brand new to real estate in general. My sister and I have been thinking about starting something for a while and are finally taking the plunge. I'm going to be doin...
James W.
Is rental income taxed the same as regular income?
I am a new landlord renting out my first rental property. Does the IRS consider rental income as regular income and tax accordingly (30%)? Are there any special tax breaks or deductions?
Account Closed
Crazy motivated seller situation, difficult structuring the deal.
So, I've got a seller who has had an ongoing divorce for ~5 years. He has 2 properties that he used to rent out a couple years ago, but quit as the additional income would relinquish his benefits for his children. The...