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I have been lending funds to a close friend of mine for a rate of 8%. I got a 1099-INT from him to file my tax, which I paid a big portion out of 8% (effectively around 6% after paying the gov). Is there a better wa...
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Greetings,
My first home was paid off over a year ago, and I am now living in my recently purchased 2nd home. I have been renting out the first home to a family member under no official contract, but i want to establ...
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Hi All,I am curious how other investors file their LLC when applying for their TIN. A partnership, corporation or disregarded entity?
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Hello everyone, First post. My wife and I are looking to move into a bigger home over the next year or so and I need some advice on whether or not to sell or rent out our current home. I've read the book on Rental Pro...
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Hi All,
I'm in the military, at my first assignment. As a lot of mil folks have probably heard, I got the advice/idea given to me to start purchasing a house at each duty assignment. So I went and purchased a home to...
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My partner and I plan to buy a home (single family or duplex) and house hack. We are not comfortable with sharing rooms with the tenant, so a separate entrance such as an ADU would be ideal. We are considering purchas...
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I am in the process of renovating a rental property through an insurance claim after a recent fire. Appliances are not included in the insurance claim of what's being covered by insurance since that falls under "perso...
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There is no right or wrong answer to this question, but I would be interested to know where you guys keep short to medium term cash that you are holding between deals. That is to say, you sell a property and you have...
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Hi allI’ll jump right into things. Context:I have a 3 bedroom condo 2 rooms are rented out. Tenant A is an A+ tenant Tenant B is a C+ tenant. I used to occupy the third room as a house hacker, and am planning to re...