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We are new to the community and need some feedback. On the skinny, we brought a cash home in Prentiss, MS 39474 for $20k in July 2023 (3 bd, 1.5 ba, 1 acre). We used the “homeboy remodeling company” and the house stil...
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Hey, you! Yes, you with the W2 job feeling bad about how you are “just over broke (J.O.B)”! Take a second, turn off the Andrew Tate video, Hormozi, or whatever entrepreneurship video and listen to this. Your W2 is you...
Hello,I am preparing to purchase my first home, here in South Florida (Boca Raton) and I would like to live in this house for a year or so and then rent it out. However, I am concerned how the home values have increa...
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Myth 1. IRS audits are very common / IRA audits are so rare that you can forget about them
The latter was true during the recent Covid years. We recently had an under 1% audit rate. However, two things are good to re...
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ive got 2 properties I am looking at both with very motivated sellers, divorce and over worked land lord. I should know soon if I get my FHA loan, but if I don't I will be trying creative financing. Question is though...
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In 2013, I started my land flipping journey with the Land Profit Generator program. Even though I took a few years off for my education and had MANY disappointments and failures along the way, including being wiped ou...
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I just bought 4 acres adjacent to 3 acres i currently own ( waiting to buy this property for 10 years) There is a crappy house , livable but not by much . Now the old guy that died use to farm 3 acres of it , Its ...
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Can a multi-member LLC (filing taxes as a S-corp), collect rent and claim taxes on a property (as if the property WERE in it's name) when the deed is under one of the LLC co-owning members personal names? This questi...
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My younger brother lives in Virgina and rents a home. His credit is not good. So I was going to take money from my savings and home to purchase a home for $150k with 20% down. My plan is for him to pay me rent of $100...
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Curious how people model future property values for multi-family investments. Seems that there are two approaches.
1. Based on Appreciation
2. Based on Rental Income
I generally struggle with Cap Rates and w...