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...
Hi All,I am curious how other investors file their LLC when applying for their TIN. A partnership, corporation or disregarded entity?
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...
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...
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...
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...
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...
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...
We just bought a house where the owners kept two very large dogs in one bedroom. The dogs went to the bathroom outdoors but left dirty, oily, stains on the lower walls and carpeting. We have removed all carpet and pad...