I have a house across the street from my parents house that is now vacant with the owner too sick to live there anymore. I want to approach them to potentially make an offer, but I don't even know if they want to sell...
Hey guys,My name is Sam and i've been pondering the idea of becoming a real estate investor for several years but because of my past situations and fear i never took the plunge. Well now i feel that i am ready. I am i...
1. Opportunity Zones - Jobs act of 2017 has stimulated growth by offering tax incentives in special zones around the United States2. Refinancing or Tax-Free borrowing - When you refinance, you are able to borrow again...
I'm just learning about hiring my children and the tax benefits. I think I understand how to do it, but am confused on one point. I'm reading online that we can hire a child up to the age of 22 but my CPA said 18. Can...
Hello all,I recently lost my day-job due to COVID-19, and I'm considering going full-time investor in. My strategy is to start a house-flipping business in New Jersey to gain capital and once the house market settles ...
I have 11 units in the Twin Cities. My total of all annual expenses is about $220K- everything, insurance, haircuts, leisure travel, property taxes, etc all included in there
I dont want to semi-retire any time soon,...
Hello everyone!I’m new to the site and have found it very helpful. I’m also interested in REI and am leaning more towards flipping. I have a couple of questions regarding tax purposes. It’s to my understanding that ca...
I am currently making about $350,000 of rental income profit per year. I am a full time, licensed realtor. Will be selling two properties that may generate about $700,000 of profit. Being that I am a full time, licens...
I own a single family home that I rent out to my brother that I do not use a property management company for. I want to buy another house in the area to rent out. I’ve thought about starting my own pm company with my ...
Hello,I am a new member here as well as a new investor in the real estate business. I was wondering if someone could explain the tax advantages that I get by renting out a property.I have a property that is actually 2...