Alright experts need some advice. I have an off market deal I am buying from a seller, roughly $1.8mm, we had many conversations, toured the property, etc. The owner is wanting to fully retire and move out of state an...
can someone give me a quick summary of the tax benefit to owning a rental prop? i understand about using all the expenses to help offset the income generated by the property, then with depreciation, you may end up in...
Half of my family works in residential construction. Flipping houses seems ideal since I worked in home improvements for 5 years, including owning a construction company as a general contractor at one point.
I never ...
There’s a quote that applies to almost everything but especially real estate investing and it’s this:
When you first start to study a field, it seems like you have to memorize a million things. You don’t. What you n...
Okay.. I'm new but I've been reading a lot of posts. It seems everyone is trying to get their involvement in their rental income business to be "actively Participating" so they can get the QBI deduction, but I've al...
This should be an easy one for someone to tackle, but I'm very new at this. I close on my first investment property next month. Not sure whether to flip it or rent it due to tax considerations. I understand that if...
We'd like to get a HELOC to be able to have money to put down with a HML in order to be able to purchase a property to fix and flip.We have about $150k in equity in our personal home. We have credit scores in the mid...
Hello,This is my first post, it's meant to be a post on the basics of the capital stack and the advantages and disadvantages of equity financing...I figured this would be the appropriate sub-forum to post this in.Capi...
I have a property that I turned into a rental 4 years ago. This property has increased in value $90,000 from the original selling price. What are the tax implications if I decide to sell the property without reinvesti...
Looking for some insight on how to move forward in my real estate portfolio and acquire more properties. I currently own a quadplex purchased at $398k interest rate 2.875% monthly mortgage at $2,999.00 and all 4 units...