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Thinking of moving most of my units to section 8. I was given the market values by units for the county. Most of the prices are within range of what I would want for my units. Do I use go for the higher end?
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I’m about to begin a rehab on an old house built in 1879. Like most houses built in that day the bathrooms/kitchens are very small. I’m looking for suggestions on the best looking and most useful hacks I could use to...
So as my understanding goes, the IRS does not know what "LLC" means. It understands Sole Proprietor, Partnership, and S-Corp, but not LLC. One of the interesting options is to take an LLC and ask the IRS to tax it as ...
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Hi everyone,If you own rental property, it's essential to maximize your tax deductions. Here are some tips:1. Depreciation: Remember to depreciate the property and its improvements.2. Repairs vs. Improvements: Repairs...
I have approximately $200,000 of liquid cash that I want to use to maximize cash flow. What type of investment should I look at? Build a new complex, purchase a multi-plex, other? I'm open to investing in my state ...
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My wife and I intend on moving to rural coastal Oregon in a few years. We're looking at buying my neighbor's in-laws property. She's an older woman (we'll call her Jane) and lives comfortably in a trailer with some pe...
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Steve and Kayce Tackett are wholesalers in the Columbia, SC area (they also happen to be Altitude members) When I heard they had doubled their profit margins and were on track for $1,000,000 in income in 12 months...
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Passive Activity Loss Rules
If you are a real estate investor that doesn’t qualify for REPS status (discussed in #5 below), understanding the Passive Activity Loss rules is crucial. Passive activity losses are those ...
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Throughout my career as a real estate investor and CEO, I have learned valuable lessons on maximizing the potential of each unit in a property. So, let’s kick off this last chapter by learning how to squeeze every las...
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Hello everyone, my name is Dave. I’m from the Detroit Mich. area I am new here and wanted to introduce myself. A little history on my investment real estate journey if we can call it that….
Back in 2005 my wife and I...