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Hello everyone,My business partner and I have successfully leased our inaugural rental property in Detroit, specifically in Warren. The property is generating a promising cash flow, and we are eager to acquire our sec...
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Hello, I had a question about being seen as a real estate professional for tax purposes. If I'm "House Hacking" my primary residence does that count as hours towards my 750 per year?
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I am just curious as to how some of you seasoned investors maintain health insurance for yourself and your families? Are most of you "risking it", have spouses with insurance, paying outrageous deductibles ? I am stil...
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Has any rehabber used a self directed IRA for rehabbing houses? How do you handle the profit. Does it have to go back into the IRA which would seem to defeat the purpose as you couldn't make any money to live off. If ...
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Hi BP.
I'd like to set a goal for self-employment after I hit the 2 year mark with my W2. That's a little over 14 months away. I have a side hustle that's growing faster than I expected, and I also want to get my RE ...
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We bought a recently remodeled home (our first investment property) and are about to start getting it ready to rent. We haven't yet handed over the keys to the PM and my mentor is encouraging me to self-manage. The pr...
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I’m finally wanting to pull the trigger on getting another property, but this time the primary goal of turning the sfr into an Airbnb. Couple questions:1) Unfortunately there’s no cohosts available in the area and nee...
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I was wondering if anyone has had experience using a 401k loan for capital towards buying an investment property? Most company 401k plans (including mine) allow you to take out a loan of up to $50k (or the lesser of 5...
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I got a newbie question.
If Property Management Company can pick the right property, take care of it and tenants, and everything related to the property for ~10% fee, then why doesn't everyone do it?
Maybe many peo...
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Hello and thank you for reading and for the help!
My wife and I have a rental property in CA and are currently living in NM. We recently choose not to renew the lease with our tenants and they just moved out. We are ...