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For all of my properties, when I acquire them, I open two bank accounts: One for the traditional rent/maintenance, capex, etc. and one for security deposits. I know there has to be a better way. How do others normally...
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Hello BP,I am working on a deal with a seller willing to owner finance a 6plex. As part of my terms, i am asking for 12 months interest only at first and then start paying off the loan to the seller with interest. The...
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I have an aim to retire in 20 years time with $400k of annual passive income.
I currently own a home worth $1.5M with a $700k mortgage. I have one investment property worth $700k with a $400k outstanding loan that ...
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HelloI am in the process of buying the strip mall center and just received the proposal for managing the retail strip mall from the current agent since they already manage the strip mall. I want to get your opinion on...
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Could someone please give advice on if I should buy my first U.S. property in my personal name or in an L.L.C.? I am Canadian and it's been recommended to me several times by accountants to just buy my first property ...
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An odd question, but what would a responsible RE investors consider to be a good % of the value (market price, not equity) of your primary residence compared to their total net worth? Example: For quick & easy m...
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Anyone purchase any of Ron LeGrand's boot camps or courses lately? He's obviously been around a while and I am not sure if his stuff is still current. Been looking
Any comments would be appr...
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Hey everyone!My wife and I recently decided that real estate is something that we want to pursue together, and our current goal is to flip our first house before the end of the year. We are in our research phase, so w...
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Hello all!I have a tax question regarding the Section 121 2 year capital gains exclusion for primary residence...The property in question is originally 3 subdivision lots. Wanting to re-divide the property and sell of...
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If a guy owns a house free and clear, and agrees to give it to me for free can he write it off on his taxes? If so, would he just use the tax assessed value? If not, is there any type of credit he could get for doi...