Hi Folks,
Our friends at the IRS are auditing my 2009 return, mostly because of my real estate professional designation.
I have a full time job and the rentals take up all of the rest of my time and I easily spend mo...
I'll try to get to the point.I use to work for an investor when I was younger. Ever since then I've wanted to get into real estate. I never acted because I also wanted to become a police officer. I focused most of my ...
Was listening to podcast by George Gammon and Robert Kiyosaki recently. They made the comment that with high market valuations for most RE right now, and record low interest rates, that the debt is now the asset, and...
This is uncharted territory for me. Am I on the right track?Goal: Generate $100k a year net income from rental real estate.Background: Currently own a few SFH’s and a condo from early 90’sI have long term W2 income,...
I read hundreds of questions in the forums every day. I see a lot of repetition in questions. People ask things like "Do I need an LLC" or "where do I advertise for tenants" or "how do you collect rent payment". We al...
My day job is for a paper company. I'm a salaried manager and I've been working here for 33 years. A few years ago me and my wife started buying rental property so we could retire a few years earlier than we normally ...
How do I go about doing this with 20k in my pocket?
I'm a new landlord and not quite sure what to do in this situation, so any advice is greatly appreciated. My tenant asked me today if I would replace the oven (gas stovetop) because it has a lot of tiny grease stains ...
You know that @Brandon Turner and I talk like high-school girls. Like every day... You could say he is my significant other:)Well - we were talking yesterday. Discussing whether we still have any credibility. He ...
I'm learning some hard lessons on my second rental property purchase here in California. I inherited 2 tenants that have refused to pay rent since closing on the property in late October. In late November I served a 6...