Please chime in if you have done this.. Short term rental with cost seg study/ accelerated depreciation to offset W2 income. Say you're doing this on a 4 unit that appraised for about a million. And you do a cost s...
Hi,
I have an agent that I use that invests personally, and she has the property under her trust, but all her rental incomes/expenses goes into her LLC, while both the LLC and the trust are wholly owned by her. My si...
Hi All. I have a seller who doesn't want to go through the process of short selling two abandoned investment properties because they don't want to get a 1099 from the lender and pay taxes on the forgiven debt.
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A Paradigm Shift and 5 Reasons to Love Passive Investing
When it all Changed
If you asked a 30-year old me what my plan was I’m pretty sure I would have responded that I wanted to “move up the chain” at work, ma...
Hi All,
To be brief, after 6 months of poor quality work and poor business practices, my general contractor for our home remodel project seems to have walked off with our money and a highly unfinished house.
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Hello investors, I'm a first-time landlord who lives out of state and seeking advice.During pandemic, I purchased a rental property near Austin for around $380k with 25% down and a low interest 30yr mortgage. Ideally,...
Hello Everyone!I am a new investor and closing on an FHA duplex soon that my wife and I will be house hacking to start out our investing career, super excited about that!My plan is to progress further using the BRRRR ...
I have had a property over two years with no issues with insurance. Made a claim for the roof and it was fine but then I had a renter commit suicide this year.
By calling and asking a question if bioremediation was ...
I just got yet another letter from an "investor" in my area asking if I plan to sell my home since I am my Dad's Personal Representative. I have had enough...I have gotten about 30 letters since he died in April. I fi...
Hello All,Wondering if someone has advice for me. I am on the board of my building which is a condo and one for the owners has walked away from her apartment and owes the building and the bank 6 years of mortgage a...