My tax adviser is telling me I need to set up an SEP Retirement plan to lessen my tax burden this year. I am primarily trying to shelter profit from a flip. I am a W2 wager earner and have rental income as well. I do ...
My parents are both retired. They recently signed a P&S offering cash for the house across the street from my sister with a 3 week closing (fast!). To come up with the cash that quickly they have to pull money out...
Thoughts on Adam Neumann's real estate strategy post-WeWork? It sounds like he is using depreciation to create passive losses so that he can offset active income from his enormous golden parachute? If so, it seems lik...
NO POLITICAL STATEMENTS!President Trump's tax returns were subpoenad and then released to the public. What do they show? According to the LA Times, Trump is a "real big loser" because his properties all show losses an...
My tenant signed a lease 3 days ago. We did a complete walk-through of the house - no smells, etc. This morning she is contacting me saying there is a strong "pee" smell in the kitchen and she believes feral cats ar...
Hi all,New here and looking into investing in short term rentals but have lots of questions. I have $140,000 in a ROTH that I would like to convert into a checkbook IRA and self manage both the ROTH and the properties...
Greetings,I'm looking for an investor friendly insurance agent licensed in Indiana who specializes in residential investment properties, and who is familiar with the area. Thanks fellas.Erick
I've been reading up on 1031 exchanges and I've been a little hung up on the replacement of debt and mortgage boot. So just as an example, let's say if you sell a house for $200,000 with $150,000 of your own equity an...
Hi everyone! I've been reading through the 1031 exchange forum and I'm still a little confused as to how the actual numbers will work out. I was hoping to give the actual numbers I'm working with to better understand...
I know Jacksonville FL has been very popular on BP for the last several years.Inventory has been crazy low even in the middle of a drawn out pandemic.
However,the low inventory didn't truly hit home until I had a few...