George Carr
Twitter Tips to Accumulate a Massive Following and Tons of Web traffic
Step#1
The first step to accumulating a massive following is
to set up a Free Twitter account at twitter.com. After setting
up your new twitter account you may want to upload a
nice photo but more importantly you d...
John McAuley
Expenses for homes that did not close
Hey Guys,I had several expenses this year associated with homes that we ultimately did not close on (inspections, termite inspections, etc.). Are those treated like normal business expenses against my LLC for tax pur...
Art Webb
Understanding IRS Net Operating Loss Carry Over for Rental Losses
I getting ready to sell a rental house which has accumulated a significant amount of Net Operating Loss over the past 20 years. I understand I can use this NOL to reduce my personal taxable income. Question: Can I ...
Account Closed
Long-term Cash Management Strategy
I am new to real estate investing, but a big issue I see in terms of long-term profit is this:When you have bought a property and begin saving up for the next property, what do you do with the cash you are accumulatin...
Russell Ferance
sale of rental property
I have owned my rental property for 22 years and recently sold it. I'm doing my taxes and realize that I need to calculate my depreciation over those 22 years. However I don't have my tax records that go back that fa...
Nick Pries
Wholesale Cold Calls
Hi, I have been using prop stream, driving for dollars and other lists. I need advice on that distribution of words when they answer the phone. People have been hanging up right away.
Jay Bandi
tax planning/REPS/cost-seg/bonus-dep questions
Hi all, I need some advice as i am getting conflicting info from my CPA/agent/cost-seg companyI have 2 w2 jobs and 4 1099 jobs (all in same line of work). I will work close to 800-900hrs in 2021 in all that work combi...
William B.
Money Mindset why do you want money?
Why is it so hard to shift the belief system from money accumulation to building income? Of course, as an investor, I am speaking to passive income but my discussion is about all forms of income. Almost everyone I tal...
Andrey Y.
Millionaire Next Door concepts
I am reading the book "Millionaire Next Door" which had been rec'd by a few podcast guests if I recall.They discuss the following formula as a guide to what your net worth should be:Multiply your age times your realiz...
Ryan Pyle
Accounting for asset disposal - do I have to recapture depreciation?
When accounting for the disposal of an asset, I'm not sure what to do with the accumulated depreciation and book value of the asset. For example, I replaced the carpet in one of my apartment units. The asset was on th...