When speculating on long-term passive property investments, one should consider taking into account the “1% rule”. While it is not a perfect measure of whether or not a property will yield a profit, it has been shown ...
I've been reading the 4-hour work week and it talks about building a 'Muse', a system that passively generates income for you (usually in the form of a product that can be easily/quickly manufactured).
It got me thi...
Real estate investment is a time-tested method of building wealth and generating passive income. It’s also a way to hedge against inflation and acquire an asset that appreciates over time. However, long-term success r...
So I recently got an accepted offer on my first SFH intentional rental. I have had a rental for 5 years previous owner. During the entire process I've read every book I can get my hands on, cash flow quadrant, ric...
Since it's so hard to collect from tenants who owe, or in some cases not really worth trying to collect, I would like to know more on being able to use the 1099-C "cancellation of debt" form. All responses appreciated
Hi everyone,Recently I got into a discussion, which turned into a disagreement with a family member about downpayments. In short I said if a deal doesn't cashflow with a regular downpayment % such as 20-25, throwing m...
Fellow BP expertsWould my LLC which has buy and hold rental income only at this point, qualify me for a Solo 401K, if I have the LLC pay me as the Property Manager?Would that self employment income be enough to make t...
So grateful for this site and community... this information is already starting to change our lives by giving us a new mindset and optimism as we look to build wealth. I'm about to turn 40, wife, 4 kids. We have wor...
I am trying to evaluate buying dividend stocks versus another single family rental. What do you think is the best option.20k in stocks I am looking to buy: Alteria Group (MO), Enbridge (ENB), Devon Energy (DVN), a...
Does anyone here have a good handle on tax strategy related to development. If I purchase the land, put in the infrastructure, and hold for more than a year before selling lots, can profit from lot sales be claimed as...