Cara Lonsdale
Depreciation - What the heck??!
A few questions...........To what extend does depreciation really affect a person's taxes/capital gains on a property when it is sold?Does it benefit or harm a person to claim LITTLE TO NO depreciation each year on a ...
Kevin C Means
I am Pre First-Deal and only have an 8% HELOC to use for a DP
Ken McElroy says sell off all of your non cash-flowing assets; the market is not great; I must invest out of state; and I only have a HELOC, costing me 8% to use as a down payment. What the heck do I do, who do I trus...
Trevor Turner
How to buy my first property by January
Hello all,
I am fairly new to BP as is evident with my question.
My wife and I are graduating college in December and we want to buy our first rental (duplex most likely). We will probably need an FHA loan in order ...
Vernon Henry
What to do with my 401K
I am a retired 64-year-old with about $490k in a 401k. It seems like all the information, tips, strategies, etc. that I find on the subject are directed at folks for whom retirement is years (if not decades) away. In ...
Ryan Hansen
Issue Transferring a Rental Property to our LLC
Hi Everyone,We have been planning to move the ownership of our rental property into our LLC for tax reasons and to protect our personal assets. However, our lawyer has informed us that it could be problematic because ...
Dave K.
From the mentors perspective
So I have gathered from a previous post to go and seek out investors at REIA meetings to find a mentor. But what incentive do investors have to become a mentor for someone? I am asking because I would like to be in...
Jenna Y.
First deal - deeds, corp structure timing, transfer of ownership
Hello - I just acquired an abandoned property (absentee owner), the current plan is to flip it. The longer-term plan is for my fiance and I to buy-and-hold with flips to build working capital. We have no corporate str...
Ray Kurek
New Member from Texas!!
Hello All!!
I have been wanting to get into REI for awhile now and am very please to find BP. I am looking to start in duplexes and keep learning from there. Is this a good way to start?
I have a question about le...
Chance Cooper
Have any of you ever heard of this?
I am trying to get rid of a home that I have and this Real Estate Agent does some sort of FSBO. Here is the email he sent me. Can someone tell me if this is a good deal, or does it seem like a scam or something.Chance...
Sonny Sach
Investing in Homes - Not worth it per Robert Shiller?
Hello all,I was just reading an article in the NYTIMES from Robert Shiller:http://www.nytimes.com/2016/06/12/upshot/the-overi...where he states:"Historically, however, investing in homes just hasn’t rewarded most home...