Seller has 7 single family homes and wants 100k each. He claims the rents are all $1000 a month, but has never used leases, collects cash only, and won’t provide bank deposit statements or any form of evidence. Won’t ...

Hi,
I am aware that acquiring a -ve cash flowing property is a BAD idea. Also aware that we shouldn't be looking at 1. appreciation and 2. tax benefits as an answer to offset a -ve cash flowing investment.
1. I am ...

For the last few years, I have been maxing out both my wife's and my annual roth IRA contributions with savings from work. I am in my late twenties and think of our IRA as more of a bonus later in life then what I am ...

August of 2011 I bought my condo for 175k. We did 5% down and spend quite a bit of money remodeling it to meet our needs. Back that time we couldn't find anything we liked, and this was cheap enough that we could spen...

Hi all, My name is Branden Cunningham, I'm a Michigander who's been transplanted to Massachusetts for the time being. I am a recent college grad and now Air Force Officer. Now that I've got an income, I want to find a...

Some time ago, I stopped contributing to my day job's 401k.  I wanted to take every penny I earned and make it available for REI - the annual 1.25% increase over the last decade wasn't cutting it from the 401k. Howeve...

I have done some searching on solo 401k eligibility, I have a couple main questions. For context, i own several small multifamily units that i self manage without employees and am interested in tapping into the tax in...

Hello  I have a 401k worth 250000 and I am retiring from company> Im 55 years old and want to buy some rental properties for my 2 kids to rent from me.. I need the income from the rental properties now and was cons...

Hello,Here is my awesome dilemma.Seller received advice and changed mind to sell because of concerns on capital gains tax on a property in NY if they sell it to me and carry the 1st/the note/owner financed and no mone...

Hi,Over time, I've browsed so many forum topics and now I'm thinking about investing out-of-state.  I thought I remembered reading some advice about income tax vs some other tax in both your residence state and the st...