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A tenant that applied just filed Chapter 13 Bankruptcy several months ago and has a 600 credit score. His gross income is 4.6 times rent, but he has some after tax deductions (including bankruptcy payments he just...
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Just purchased my first rental property... Just wanted to get some opinions on it. I think I'll be able to get about $700/mo no utilities included. I went with the single family unit in hopes of less hassle. It is ...
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Curious on people’s strategies on what to do with about $30k a year in disposable income to set yourself up to have a nice retirement.Most jobs don’t offer very attractive savings plans or pensions anymore.
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Hey everyone ive been hearing about and researching VELOCITY BANKING alot lately. Seems too good to be true. Any of you experts have experience in this field and can confirm or deny? Thanks everyone!Nick
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What are your strategies for income shifting? Long story short, I have a client who needs to support parents, and they can do some small "administrative tasks" in his business. What is the most tax-efficient strategy?...
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My wife and I self manage our California rental property but spend no where near 750 hours per year doing so. We are W2 earners with over $200k combined income. Since we don't meet the tax law criteria for "Real Esta...
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I'm currently reading The Book on Tax Strategies for the Savvy Real Estate Investor and reached the section about real estate losses. They mention that real estate losses are often times mistaken as a capital loss. In...
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Hi everyone,
We removed dishwashers as the consensus and my experience is that they are too much trouble for our units in a low-income area. So in re-tiling the kitchen, the tile guy tiled over the raised area that t...
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Thought this was interesting. Virtually everything in the news is saying there is no hope for home ownership, everyone is going to be a renter, etc., but the overall home ownership % nationally vs. renter % is act...
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Hi everyone! I am brand new to the world of real estate investing and am excited to get started and connect with like-minded people! If you don't feel like reading my life story, feel free to scroll down and just chec...