I just closed on my first deal on Friday! I bought a piece of land and then immediately sold it on contract for deed. Im all in for about $6,000 which I used my HELOC for. I have another deal in the works that would p...
Greetings everyone,I was wondering if, for example, I earned $200k in one year working and decided to invest it all in a property (single or multi) all cash, would I have to pay taxes on that investment, or is there a...
Hello everyone,So if you go to my main page your will see that I invested in 3 properties the same year. This situation started in 2018 and I was all over the place. Then my husband wanted to buy a gas station and ma...
Would like to get the opinion of members on their experience using Roth IRA funds as a first time homeowner. Is it true that if you are a first time homeowner you can use money from a Roth IRA for a down payment? Can ...
I have been working with a financial advisor for about a year now and he is strongly suggesting permanent life insurance. I am skeptical about it because I would rather save the money that I would put into the policy ...
Just saw this article and curious what folks think about this. Is this in the foreseeable future for the US?https://www.theguardian.com/money/2019/aug/13/danish-bank-launches-worlds-first-negative-interest-rate-mortga...
Here’s why we are investing in this rural and small market..
And why I believe there is still a lot of great opportunity in small & rural markets for Short Term Rentals!
Seasonality & Regulations: When inve...
I keep going back and forth with this. What's your advice on getting some rental properties for retirement income needed 30 years from now?
1. Buy the first $100K cash with no payments and start collecting $1,200 in...
I keep hearing/reading about people that are not paying taxes on their rental income because they can offset it with deductions. I can't come up with enough to cover the income. What am I missing. I am deducting:
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can someone explain how depreciation works in a nutshell, and how it helps your taxes?