Russell Roberts
minimize capital gains tax on sale of appreciated farm land
My father, who is nearing 80yrs and in reasonably good health, wants to sell 52 acres of farmland. It was purchased 45 years ago @ $250/acre and is now worth $5,000/acre. He's interested in providing seller financi...
Arty Fresh
Cashing out early on life insurance ?
I am not sure if I read it here on BP or somewhere else but I remember reading somewhere that people would get life Insurance and wait 1-2 years and then cash out $250-500k in one shot.Anyone heard anything about this
Spencer Krautkramer
Mortgage Protection Insurance
I’ve gotten a couple letters in the mail after just recently purchasing my first property - they are about Mortgage Protection Life Insurance or Mortgage Payment Protection Programs. Is this spam or legit...
Tyler Bilinovic
How important is getting an account for tax purposes when entering long term rentals
I have just acquired my first two long term rental properties this year and am looking to take advantage of the tax benefits. How important is it to get with CPA to assist with tax benefits. I have spoke with my paren...
Marisa Faulkner
From Full time job with benefits to....REI with nothing?
Real Estate Investing is all fun and games until you need medical insurance. This is a concern that I would like to get some feedback on. Can anyone provide any advice or suggestions on going from a job with benefit...
Kyler Lee
What will executive order mean for landlords
I see where evictions will be prevented in the new executive order, does this mean tenants can not pay and still live in your property? I know the same kind of deal was in place through July and we didn’t face any non...
Rebecca B.
Double My Salary Through 1099 or Keep W2 for Easy RE Financing
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 ...
Ryan Thomson
How Long Do You Have to Live in the House Hack?
House hacking has become an increasingly popular way for people to get into real estate investing while minimizing their living expenses. The basic premise of house hacking is to purchase a property and rent out a por...
Will Wu
I suspect my tenant is stealing.
I notice my tenant backyard is full of A/C scrap, pipes, water heater, supermarket cart. This guys is a Section 8 tenant I suspect he stole these from other houses. I called him and told him that is illegal for him to...
Andy S.
Tenant In NJ Lost job due to COVID-19 Pandemic
My Tenant in NJ just informed me that he lost his job due to the Covid-19 pandemic. I foresee him now being able to pay the rent for another 4-6 months or so.I will be unable to afford this kind of loss as a result. W...