Gary P.
My first RE investment before the first rent check
My first post while riding the ripple of closing on my first investment propertyWhy?I followed the path I was taught since grammar school: go to school, get a job, live below your means, save your money, retire. While...
Jeff Moe
Looking to make my first purchase
Hey all, love the site and the podcast etc. I am looking to get into REI and am trying to find the best avenue possible. - I have 200k in home equity that I could leverage into a max of 140k in a HELOC(approved alread...
Corey Wright
Please tear this strategy apart (gently...)
Background:-My wife and I have two single family rentals in Fort Worth TX where we live. -After PITI and 10% for maintenance/capex the rentals combined cash flow $575/mo or $6900/year which is approx 2.6% return on eq...
Hunter Preston
Tax Implications for BRRRR?
I'm curious what the differences are for tax implications for a straight flip vs. a BRRRR? My understanding is that any profits from a flip will be taxed at my personal current tax rate as income. However, if I'm refi...
Emily B.
Help me in understanding estimating financial goals. Am I understanding it correctly?
I’m trying to set some financial goals for myself and I keep hearing how I should be specific so that I know exactly what I’m working towards. With that, I want to make sure I’m understanding some of the calculations ...
James Likis
Tradeoffs: amending taxes with cost segregation & bonus depreciation
When filing our 2022 taxes, our CPA did not mention or encourage us to do a cost segregation study to capture bonus depreciation on the two properties my wife and I acquired in 2022. Our goal is to invest aggressively...
Mike Dymski
monetized installment sale
I am considering a monetized installment sale and would be grateful to connect with anyone who has done one before. This is a difficult transaction to get comfortable with and not a widely known strategy.For those no...
Victor Omoniyi
Can bonus depreciation be claimed the next year after an asset is placed in service?
If I purchased and placed a property in service in 2023 and I have no need for the bonus depreciation on my 2023 taxes, can I claim bonus depreciation on the property for 2024 taxes? If yes, what would I need to do?
Kiley N.
BP Lenders: Add myself as co-borrower with my LLC?
Two questions:Assuming my credit qualifies and the SFR property cash flows at an acceptable level:1. Would it be advantageous for loan qualification purposes to become a co-borrower on a mortgage with my LLC (as oppo...
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Wrap-around Mortgages
Say, for example, that Joe (who has bad credit) wants to buy a property, but needs Mike (who has great credit) to get the loan.
Can Mike get a loan from a lender, and pass it through to Joe?