Hi all, I’m new to real estate and am trying to develop a strategy to best achieve my desired result. I feel like the biggest detriment to my financial picture is paying almost 40% in taxes (single with no dependents)...
I’m listening to this book; “100 Ways to Create Wealth” and it mentioned something that caught my attention.
It said, when you’re playing a game, you’re having fun because there’s a challenge or hurdle you’re tryin...
Hello!My name is Christy and I am in the research/saving phase of investing. My husband and I have always dreamed of quitting the 8-5 so we can have more family time and hope real estate investing is the solution! We ...
We have 25 SFR that I self manage. My wife retired a few years ago due to our strong RE cashflow. What are the advantages of claiming her as a real estate professional? We show a loss on the rentals due to depreciatio...
Real estate investing can be an effective way to build long-term wealth, and among the various strategies, one has gained significant popularity over the years: BRRRR. This acronym stands for Buy, Rehab, Rent, Refinan...
Hello Everyone,I am about to close on a 1 bedroom condominium and I got a letter from the seller saying that a company wants to De-Convert the building (consisting of multiple condos) into an apartment. From my unders...
Hello BP,I’m a long term rental property investor who just listened to a recent podcast episode that go me thinking more about cost segregation. I haven’t done one in the past but have 7 rentals. I am trying to unders...
I've read in other tax forums assertion of IRS auditing real estate pro's... Just another issue. My guess is that risk comes from actually negating ordinary income with real estate losses in execess of >$25k. ...
Hello all, My name is Tony and am 21 and have been very interested in real estate since 19 but just recently decided to start researching. I am in Milwaukee and hope to start going to some REIA meetings in January. I ...
Ok so I'm investing into my first rental property it's a 2 unit and I'm paying cash (20k). My biggest concern is how to avoid a higher tax bills because I'm single and make about 150k yearly.. What precautions should ...