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I lent money to a flipper in San Diego who claimed bankruptcy and fled to Canada. I then realized the lender made over a million dollars when he foreclosed on his property. I was wiped out as second lien holder which ...
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Hello,Wanted advice from BP. I am a big reader over at various 'retire early' sites (Money Mustache, etc.), and have a decently high savings rate after tax. I am trying to maximize my tax savings through real estate...
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Just a very short rant here, but I can't help myself. Just finished my taxes and it came to 136 printed pages! That is absolutely NO exaggeration. That's a book. Uncle Sam is requiring his citizens to write a book f...
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http://news.yahoo.com/s/yblog_theticket/20101119/ts_yblog_theticket/millionaires-to-obama-tax-us
http://news.yahoo.com/s/yblog_theticket/20101122/pl_yblog_theticket/warren-buffett-agrees-tax-the-rich
I hope I am not...
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When the investors here have cash saved up for down payment money on a new investment property, do you store that money in a standard bank account, in the market, in some other liquid investment? Some combination of ...
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I live and work in CA, but looking to invest in OH and IN. I have two LLCs set up, one in WY one in CA, both under a WY holding LLC. Can I buy rental properties in OH and IN with my WY LLC? In which states would I...
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I currently have two properties (and plan to grow) and my attorney advised against me opening and moving my properties under a LLC, as I financed the properties under my name and I'm told mortgage lenders frown upon t...
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Hi everyone,I'm posting here because I always get such amazing feedback, so here goes... I work in tech, earn low six figures and we're slowing paying down debt and planning purchase a small MF next year. The plan is ...
Real Estate rental income is earned when a real estate is leased for rental income generation. Rental income generally is treated as unearned or passive income for income tax purposes. Rental income is reported on Sch...
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I am looking to invest in a duplex or triplex. Which is a wiser decision: Pull money from my retirement account or use the equity from my principle residence?