I am newly self employed after leaving my w-2 job and benefits to flip houses and dive into multi family. Due to circumstances I ended up making this move sooner than I planned so long story short I now need to utiliz...

I’m an investor from Canada researching options for flips. My understanding so far is that a C-Corp is preferable to an LLC for a Canadian as the CRA doesn’t recognize LLCs the same as the IRS and you’ll end up being ...

Hello!I am in process of looking into a cash out refi of my primary. I am sharing the closing cost estimates for feedback on this offering? Is $12k in total closing costs high? The basic breakdown I see is $5,084 in l...

Hello BP,All my leases state that rent is due on the first, late if I do not have it on the 5th, and I send out the "Demand for Possession NonPayment of Rent" notice via the mail on the 6th giving them 7 days (8 days ...

We recently closed on our first rental property and I'm trying to keep everything organized for our tax professional next January.  Which of the following can be written off?  1. Pre-purchase - Home inspection and app...

Do you want to learn how to be wealthy? Then you need to learn the tax game and how to save. There are lots of ways to do this. We are able to use 1031 exchanges, cost seg, DSTs, etc. But which one is best for you and...

I found a house that is owned under the name of the deceased. I found next of kin but she opted not to go through probate.  There are two other family members and they also wish not to petition even after I offered to...

I have never liked the Idea of house flipping even though it has become a trendy buzzword when talking about real estate. I personally prefer the buy-and-hold method, specifically the BRRRR process. I believe the buy ...

I am looking at my first duplex.  Asking price is 134K which is right in line for other duplex in the area.  2 units, 2BR/1BA each unit.  Rents for $700 each unit which is slightly below market rent which is around $7...

For a house built in 1993. It is forced air central heating and cooling powered by gas. The water heater, furnace, and heat pump are original. So it is time to replace everything? What about the roof? What is the typi...