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 ...
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 ...
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...
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...
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 ...
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...
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...
Hello BP!
I have come across an opportunity to acquire a large quantity of vacant land at a very minimal cost. We are in the process of doing our due diligence to ensure the land is in a desirable location.
My ques...