Jason V.
Section 121 gains exclusion reported on what IRS forms if home was rental for 2 yrs??
It's my understanding that if there's a "partial exclusion", I'd use a Form 8949 with Code H...And if it's "fully excluded" and there's no 1099-S issued (which I indeed received no 1099-S), then I'd simply not mention...
Jordan G.
I've Got (Lots of) Questions. Hoping the Community May Have Some Answers!
Hello All! Long-time lurker of the forums but I finally wanted to sign-up to ask the community for their input on some specific questions that I have and haven't been able to answer on my own.I am a commercial real es...
Fradel Schaechter
The importance of saving
It was the topic of saving that got me started on a journey that eventually led me to be interested in real estate. It has been the cornerstone for me as I have followed the advice of the books I had read (like The se...
Steven C. Suarez
Successful real estate investor AND minimalist? Possible?
I love the idea of becoming a successful buy and hold real estate investor. Accumulating houses for cash flow. And more houses. And more houses. And more...etc.. Thing is I've always wanted to strive to live a minimal...
Account Closed
Would you get a house "subject to" at full retail value?
Would you ever use the "subject to" method to get a buy and hold property if you had to pay full retail for the house? I've watched several of my neighbor's houses sit for 6 months or a year with a for sale sign in th...
Michael Ealy
Is "Stupid" Money Chasing Millennials in Your Market?
Have you heard of the expression "stupid money"? It is when a herd of investors or speculators seem to be overpaying for an asset.In my market in Cincinnati and I guess almost everywhere in the country, "stupid money"...
Justin Pierce
I'm done with Wholesalers, I'm taking it in house... Suggestions?
I don’t want to criticize anyone. I’m sure there are some good wholesalers out there. I just haven’t met one yet. I have, however, had a lot of my time wasted by many self proclaimed wholesalers.
I find that whole...
Scott Goulet
When do your rentals typically start making money/making sense?
Hi everyone! I'd like to say in a fairly experienced investor, still a newbie at heart though. I have 8 doors over 3 properties. 1 specific property, I purchased in 2019 and in 2019 I took a net $9k loss, and in 2020 ...
Ricardo S.
Pay off credit cards or buy a 3 family in July?
Hey BP!,Since graduating I found myself anxious to get into real estate asap! I keep reading all these success stores and I feel I am ready but the only thing holding me back is thinking should I get out of debt first...
Ericka G.
Wealth Management for RE Investors
I’ve recently been exploring wealth management strategies/options to make sure our assets grow and are protected. The problem is I don’t really know what we should be doing to take things to the next level.
For thos...