Tom T.
End Game Strategy
Hi all,Here is the scenario.61 years old. Will soon look at retiring. Probably collecting social security at 62, maybe 63.I have a rental property that is almost paid off (less than 10k away.)FMV: 280. Purchased in 2...
David Brenneman
Nursing home foreclosures
What happens to homes that are taken by nursing homes to cover medical expenses ? Is it sold by the nursing home? Sold to a wholesaler? Auctioned off? It seems rather hard to find information on these properties. Anyo...
Will F.
Fix up/Rehab an old Rental House and "Flip" to 1031 exchange?
We have an old rental house that is not generating the Cap I'd like. I think that if I rehabbed the property new kitchen, landscaping etc, it could sell for a lot because the area is highly desired. Would it make se...
Westin Hudnall
Quiting My Day Job After X Amount Of Owned Rental Properties... Good or bad idea and why?
I've purchased 8 my first year and a half through a line of credit/refi process while working a full time day job on the side.
What number/amount of cash flow is the magic number to leave my day job to concentrate fu...
Phillip Cailey
Nursing home resident needs help selling her home.
I found a lady looking to sell her house, which is paid for. The Catch? She is currently in a nursing home and I'm informed if I buy it, the nursing home gets all the profits and she gets a measly 30 dollars a month s...
Sam M.
How do I pay my employee?
Hello all,
Thanks in advance for any replies.
I have one full-time person who helps me in managing my business. I also have a part-time maintenance person. I have been thinking of hiring the part-time person full-ti...
Austin Bright
What expenses can I deduct for taxes?
Newbie investor here.I've read that I can deduct depreciation from my expenses.... What other non-cash expenses can I take out? A maintenance reserve? A vacancy reserve? Or is this not allowed?Also, I know I can deduc...
Randy Walters
Parents looking to downsize? Buy their house with owner financing
Hello BP, I'm fairly new to the community. I had some questions pertaining to owner/seller financing on your parents home. All the other forums I found simply spoke to "why you shouldn't rent to your friends/family"...
Zubair Khan
method of payment
Hey everyone so I might be closing my first deal as an assignment so since its my first deal I really don't know what form of payment is best for me considering I'm young and don't have any tax deductions.
Justin Turner
Taxes on 1099?
I just got my first check for $12,125 from a birddog fee on land/timber. Now how much to put away for taxes? I live in texas.
Thanks everyone in advance.