I have been researching for months about how to select a 401K plan but in all honesty I don't really understand how to best choose a plan. Real Estate makes sense to me when I read a book, a forum post, or a podcast. ...
In the third and final segment of Real Estate Tax Deductions, I want to discuss At-Risk Rules, Basis Issues and Excess Business Losses.
At-Risk Rules
An At-Risk rule is a tax shelter that limits the allowable deduc...
HiI was wondering how exactly I should understand the accredited investor income test. The test states:To be an accredited investor, a person must have an annual income exceeding $200,000, or $300,000 for joint income...
So I have done a few deals with a local bank where its a commercial loan 80/20 based on PFS with a 15yr amortization. I’m currently in the middle of a flip and short of Capital when I run across a no brainer buy and h...
Hi BP!As a solo person buying rental properties (and not a big real estate corporation), I'm wondering how much cash reserve do you typically do for each property??I like to have cushion in life, and for own living ex...
Our rental: SFH, nice neighborhood. We are mid-lease (ends in December) and our tenants got a dog in late March. We signed a pet addendum and increased rent by $30 and a $250 pet security deposit. Our lease allows up ...
What utilities (water,gas,electric) should my tenant pay and what about garbage pick up and gardening (mowing flowers)
Hello,
I am a first time investor buying a duplex (with land to add an adu) in Echo Park/Angelino Heights. The property is a beautiful craftsman home with a single 1b1b unit in the back and excess land. The one dow...
The facts:I’m looking at a property in foreclosure in IL. In 2010, there was a reverse mortgage taken out on the property for $280,000. Additional details:Page 1 of the Mortgage reads…ADJUSTABLE RATE HOME EQUITY CONVE...
Hi BP, I'm hoping to tap into this incredible network to find a general contractor or electrician within the Nashville area who has extensive experience dealing with Nashville Codes to help me resolve this unfortunate...