Hi,I plan on getting out of rentals because it is becoming harder to be a landlord in Maryland.I'll be selling them.. but was wondering if it is a bad idea with regard to taxes to sell all of them right away.I underst...
Who should I use for forming LLC? Attorney or CPA?Any recommended Attorney or CPA around Los Angeles area? Thanks,
Hey everyone,My name is Travis and I'm looking into my real estate possibilities. I've always had good success in buying things at a good price and selling them for a profit (even boats somehow haha) and I've become p...
As your income and real estate portfolio grow, reaching the $150,000 marks in my opinion the beginning of your financial journey into real estate. It's at this juncture where you likely have around 20-40k saved up, an...
There are some websites that list properties for sale as Foreclosure.
Meanwhile I read that:
Foreclosures are NOT sold by Realtors. Foreclosure properties are auctioned at a Trustee Sale at the Court House in the ...
Anyone cash out and /or stop contributing to a 401k in order to buy more properties? Curious how it went?
Hello!We sold our home after living there for over 5 years. The home had an ADU which we used as a home office. We sold in 2022, and our accountant is saying that we somehow owe taxes on a portion of the proceeds as t...
I am 18 and will be joining the navy in June. I am planning on saving as much as I can during my 4 year enlistment. I want to save enough so that I can buy a duplex or triplex to house hack when I get out. My question...
My current residence has a mortgage that costs ~1,100 per month, I can rent the property for a minimum of 2,000 possibly 2,200. Should I rent this out and get a new property or should I sell and cash out ~80-90k?
Can someone clarify, As an LP in a mf syndication where can one save on taxes and what can I expect to pay?Here is an example, If I invested 100k into a mf syndication, Property sells in year 3 with a profit of 100k,I...