Nate Denning
Should I do my own taxes
I own 1 rental property and was wondering if I need to go the cpa route. I have been doin my own taxes through turbo tax but this will be my first year with a rental. I bought the turbo tax for investment properties b...
Paul Wolfson
Cash flowing in out of state investing
Hello BP friends. I live in an expensive market and recently started exploring options investing out of state.After running the numbers in several markets, I'm finding it difficult to find cash flowing properties almo...
Jake Mercer
From Fitness Instructor to Rental Arbitrage to Full Time Real Estate
In 2020, I was a fitness instructor with zero real estate experience and $10k saved up.In 2023, I bought 3 investment properties and 7 acres of land.I wouldn’t have been able to do this if I didn’t start with rental a...
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Nothing quick about getting rich with real estate
Nothing quick about getting rich with real estate
A real estate seminar promoter promised to create 1,000 new millionaires, but so far none are in sight. See what happened to his believers.
By MP Dunleavey = http://...
Bryan Hancock
How Much Liquidity To Carry In Your Portfolio
For those of you with sizable rental portfolios with debt on them I was wondering how much cash you keep as an overall percentage of your long-term debt. We have been targeting 10% liquid for every dollar of long-ter...
Sarah Santa Cruz
Pay down mortgage faster or not
Hey BP Community,I'll be closing on my 5th single family home investment property in a few weeks. I'm in Texas, in an area where property values have continued to climb steadily since I've been investing over the past...
Rick Albert
Inheriting $400K, what would you do?
Hello All!I have a client and friend who invests generally out of state. She is going to be inheriting around $400K and asked me what I would do. She wants to go with MFU and doesn't have a ton of time to be hands on ...
Account Closed
Property owner refusing to fix broken water pipes? Advice needed
So, I'm currently renting, and this weekend the water pipes froze and burst, after getting it checked out, the problem is the property owner's responsibility, and it will require digging up the yard, and thousands of...
Ed L.
How to Write Off Maintenance expenses on my properties
I'm growing my rental portfolio and I am a little confused about how to handle my taxes.
With Maint expenses do I need to record them as they come in and then deduct from Income for my taxes?????
OR.
Can I put asi...
Adrian M
Selling: 1031 vs. Personal Residence
Hello Fellow Investors!
I would really appreciate your advice on this matter.
Background Information
I own a condo in Santa Monica, CA that I am currently renting-out. I'd like to sell the condo in 2 or 3 years (af...