I just closed on a 2-flat that I'll be living in and renting out the second unit. I'm tracking all of my receipts currently and trying to categorize them as well as I can. I've read IRS pub 527 a few times and I'm won...
Hello Everyone,
As you all may know, the 30 year fixed has pretty much sky rocketed to 4.75% or so.
Does anyone know if this will cause prices to drop, continue to increase, but at a slower pace, or flat line?
I kn...
What is your take on the idea that a low cost communication and transportation lines are going to cause a migration of people from cities to rural areas? Do you think cities will remain to have the growth they have be...
I am looking to start investing in Memphis and am looking for a contractor to partner with. I have a Memphis resident looking for properties for me and sending me leads on a daily basis. She just messaged me and sai...
I presently have a property in NJ that is in an LLC and I would like to sell it and buy investment properties in NC. I'm unsure as to what the first steps are that I should take OR if having the property in an LLC aff...
We're excited, we just closed on a foreclosed cottage in a resort area in northern Michigan. The property needs some work, but right now cash is tight. However I'm a very handy guy. Here's my question/concern/probl...
Hey everyone. I kinda have an interesting situation and I'm hoping to get your help. Parents got divorced and in the divorce decree, I was to be gifted a multifamily. The multifamily has been in my Dad's name since th...
In 2016 I did a 1031 exchange and I'm trying to figure out the depreciation for the replacement property.This is the information I found when doing some research:http://www.1031.us/PDF/Depreciationof1031.pdfLet’s say ...
Cha-ching! We have a rental property- a townhome. We rehabbed the interior, and we just got a letter from the HOA indicating that we’re getting a new roof and siding- paid for in full by insurance! Work is being...
What are some things you watch, read, think etc that keep you motivated and positive on a daily basis?I feel like now more than ever keeping a strong and healthy mind is going to be key to success until things go back...