Just heard back from my tax accountant and I was expecting some good news that we were getting a positive return from owning 6 different rental properties (bought 2 in 2019) but instead he tells me that we're just bre...
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What are the downsides of electing to be treated as a real estate professional for taxes? Would this make my real estate rental income become active income instead of passive? Is this taxed differently? I do not have ...
I just put in offers on my first two NPNs. The seller supplied recent BPOs on the properties and I "verified" them with values pulled from Trulia, Zillow, etc. Everything looked fine.After we agreed on price, I spent ...
I am new to REI, and I'm trying to figure out my first SFH deal. I'm from Jackson, MS, so I've been looking in the area. But I'm having trouble finding attractive deals. I've found one potential C- SFH off market, but...
I have been in the hotel industry for a majority of my career, also worked as a building superintendent for a local construction company for a few years. Looking to create additional income in both fix and flips as we...
It's been about a week since I applied for my LLC and not sure how long the process may take. I want to get the ball rolling towards flipping my first property but not sure if I should wait or put it in my name. I don...
So I am looking for a way to better cover myself against renters that might damage my property while living in one of my units. Would requiring renters insurance for all tenants cover me in cases such as major damage...
We are getting information from everywhere and majority of them have been from real estates sites, banks etc. But this 3rd party company is letting us know that real estate sales are still going strong.
https://www.c...
I know I can't discriminate when comes to possible tenants but when I do the background screen do I can put a disclaimer or something saying I don't rent to sex offenders, people with mental illness or with polic...