What is the ballpark cost to build a multistorey building (say 3-5 floors) vs. a single story building? Been considering building a group of 4bed/4bath detached units for student housing, but I'm wondering about the f...
Hi, I'm a 20 year old real estate investor. I have purchased my first property last year and plan on purchasing my second later this year. I'm considering getting my real estate license in order to get 3% off purchase...
I know that with flipping properties, the profit generated is taxed as ordinary income. And it can significantly increase one's marginal tax rate.Other than the basics of running a business (operating as a pass-throug...
I'm looking to buy a duplex with FHA and then refinance to a conventional loan at some point. I plan to live at the property for at least two years. Could anyone share their experience with starting with FHA and then ...
I have a single family rental I purchased in the spring of 2012. I am planning on selling in the spring of 2017. While it cashflows well about $300/m, I would rather take advantage of the decent time to sell. I will h...
I have just acquired my first two long term rental properties this year and am looking to take advantage of the tax benefits. How important is it to get with CPA to assist with tax benefits. I have spoke with my paren...
I am researching the tax advantages of started my own property management company to manage my rentals. My current plan is to create it as a LLC taxed as a S-corp and pay the company a management fee to manage my long...
Hi everyone,
I am selling a property that I own now for almost 6 years to 1031 into another property.
The buyer had an inspection and has requested for some cap ex repairs (new roof and new sewer pipe).
I'm deba...
I heard about this instagram but don't know much about it. Is it real that you can save on W2 income taxes if you have a short term rental. Has anybody used this strategy? If this really works then I can invest in a s...
Hello,
I am currently 21 years old making around $50k per year. I am able to comfortably save 50 percent of my income for investing, while I am young I would like to start learning about real estate and how it could ...