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Is there a such thing as good debt?If I have to categorize debt, I would say the debt I am paying for, it's bad debt. A debt someone else is paying for, it's good debt.Which means, if I have a mortgage on my house and...
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I'm hoping someone can help me understand this since I'm just starting out.I found this house on Zillow that was listed for around 250 days. I looked up the address and the property taxes and school taxes are not paid...
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Looking to buy a rental property in and around Phoenix area. Any suggestions or recommendations where to invest? Many companies are moving to Phoenix like TSM etc. I was talking to few of my friends and they suggested...
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Hi all,I have to confess my sin. I'm not really that new here but I have been shadow-reading all the posts without introducing myself. So, here I am!In 6 week's time, I'm visiting Indianapolis to meet local turnkey p...
Hello BiggerPockets!I am seeking some advice relevant to when to bring a CPA onto my team. I have provided an outline of my current situation along with the direction my partner (@kanwar sodhi) and I intend to go belo...
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Hi guys,
I'm getting ready to list for rent for the first time and am curious about your rental application criteria for tenants? This is what I'm thinking. But honestly, it seems like it might be too cumbersome? I'm...
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I have just purchased 1st rental, and under contract for my 2nd...Yeahhhh I am very excited. Both in my area. So I am interested in managing them myself in order to learn. But now come the details.Question #1: I do no...
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I am working on building a list of self-directed IRA companies. Here is what I have so far:
1. Entrust
2. Equity Trust
3. Pensco
4. Sterling
5. UDirect
6. Asset Exchange Strategies
7. American Pension Service...
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If I buy and sell houses(flip) as a full time job, do I pay capital gains taxes? I read somewhere if it can be proven as a full time commitment and its the only source of income I make, the capital gains taxes are inc...