Joshua D Black
paying cash vs financing
Maybe it's my years of listening to Dave Ramsey, or maybe it's the way the numbers look in my head, but if you have the capitol to pay for a rental property 100%, why would you finance? it seems to me like you are tak...
Wendy Stclair
Cost Segregation? Worth it?
I've been hearing the hype about Cost Segregation for a while and I wasn't sure i was a candidate. Still not. My w2 income wont be over $100k for 2022, I will hopefully be considered a RE professional and i had 5 prop...
John Warren
Strategy for raising rents
Hi everyone,I am finally going to be closing my first deal on a fourplex. The property is great, and it cash flows from day one, but the real reason I am excited about it is that all four units are rented significantl...
Jason Sung
Tax return cost: CPA vs Turbo Tax
Hi, I have a W2 job (my wife stays home and I have two kids) and owns a few SFH as rental. I did tax return last year (including buying two SFH houses, selling one house) through a CPA and he charged me ~$1000. Is thi...
Will Mejia
Just sold a Rental Property. IRS is going to kill my gains help!!!
I had 2 rental properties in Chicago (I dont live in neither). One of them became a nightmare so I sold it a few months ago. I sold it for way higher than I bought it. I have all this cash in hand and I feel IRS is go...
Josef Wagle
Determining my role for a full service shop during Broker class
I was recently hired by a full service brokerage (leasing, property management, investor relations, acquistions, etc.) and they use the time during the 3 week accelerated prelicensed broker class to determine what rol...
Matt Heath
How will increasing interest rates affect strategies
Hello,I am wondering how increasing interest rates will affect the strategies of others. I am a buy and hold investor but can see how increasing rates will affect my cashflow and acceleration of my business.Anyone hav...
Damaris Mack
How to put a property "under contract" in Michigan?
I'm looking to start my real estate journey off with wholesaling. I'm slowly putting all of the pieces together but some topics are still a little confusing. Anyone know the process of putting a property under contrac...
Joe Schaak
St Paul MN Foreclosure Process
Unfortunately, the seller of a property and I were unable to come to an agreement and she has chosen to let her property get foreclosed on Monday. Her home needs a large rehab and she was unwilling to lower her asking...
Mary Jay
How do rich pay zero taxes legally?
Hi guys,So I hear often (Robert Kiyosaki, Trump, other rich etc) pay zero taxes legally.Lets say Kiyosaki's business "Rich Dad, poor dad, educational LLC" made 100K.The same LLC went and bought a rental house for 100K...