Hey guys,I am a full-time real estate investor from Montreal, Canada. Almost 3 years ago, I started flipping single-family houses and subdividing land on a part-time basis. One year later, I was able to go at it full-...
So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...
Hello everyone,
My wife and I are looks to get in to real estate investment within the next year or so. To date we have been Dave Ramsey fans and are totally debt free as of about two weeks ago. Yay! Now we are savin...
Hello, I've been searching rental properties in Austin for the past 2 weeks and did not find anything that passes the 1% rule or has a cap rate over 7%. It's more like half of that.If you were to find a property with ...
Need some help.Please help me decide on next steps.Current Bills= $10,300 monthMortgage - $2,600 month, already discounted.Credit Cards –$1,030 month………..$150mo @ $7k, $55mo @ $2k, $27mo @ $1k, $35mo @ $3k, $40mo @ $4...
Hello team. Total newbie here....been renting my entire life and finally (at 33 yrs old) realizing that my military Basic Allowance for Housing (BAH) could be building equity and become a rental property instead of b...
Hello all! i will be as descriptive and to the point as possible. I am new to real estate, started educating myself since November of last year, I have possible routes i can take to start my real estate journey but i ...