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Hello, My first post is a big one for me. I’m moving to D.C. from Dayton, Ohio in four weeks to take a temp promotion (2 years). Although it’s a $17k/year raise, the cost of living is crazy higher.With a 2-year reside...
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Married couple filing jointly has taxable ordinary income of $30,300 and long term capital gains of $100,000. How much tax is owed on the gain?A. $0 because taxable ordinary income is below the threshold level of $75,...
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Hi guys,Wanted to get your opinion on a situation that I am in. My parents (father) took out a reverse mortgage approximately 5 years ago and have accrued about $160k in total. The net worth of the house is worth $275...
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I just bought a duplex less than a month ago and am trying to rent it out. I have a couple that is moving to the cities and they have a savings. I haven't run their reports yet, but I wanted to get some thoughts befor...
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Hi all,
I got married last year and moved to another state following my spouse's job. Before the marriage, I purchased a house where I lived. I still own that house and use it as a rental. I would like to buy a home ...
Just to prove that there is no "normal" day at the office when you deal with tenants, I had an interesting case today.So a high profile crime ocurred some months back in the neighborhood of one of my rentals. Its been...
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Hi folks!First showings today! 4 applicants applied. Looking for some advice on next steps! How do you do it? Is my proposed way good? I was thinking of reviewing all applications and putting in order of most qualifi...
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I'm really new to RE investing. I graduated college three years ago but haven't bought a home yet, still living at an apartment. I want to get into RE investing, but don't know if I should buy my first home for mys...
Have you ever bought a whiteboard or a journal and thought, this is it... This is the moment when I REALLY commit to goal-setting... and then (as it tends to do) life just kind of gets in the way?
This episode is a...
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Hello I am new to the forum and somewhat new to investing (I bought one house rented it and sold to my tenants 3 years ago) I have been working as an accounting since graduating college in 2008. I am pregnant with my ...