Hi all,I'm new here. I'm technically not a landlord yet, but I made an offer on a duplex and it was accepted today. I'm having it inspected this Wednesday. I plan to live there with my two sons and rent out half. I'm ...
Hello everyone, I’m currently a junior in high school. I would like an asset amount of 100 million(not necessarily net worth) around my 50s-60s. I plan on starting to invest in RE ASAP! Most likely around 20-21 if not...
Hello fellow investors!
Hoping for some seasoned input on our current situation.
We own a duplex that we initially house hacked in. We rented the downstairs to almost cover the mortgage and lived upstairs. We had n...
The Real Estate person was a friend and she was handling both the selling/buying verbally she told me the price was 125,000 then when it was written up the price increased to 170,000. This is mixed use property comme...
Ok so what would you do if you were us. Supposedly my sister in law (and kids, husband) could be losing their house. We have been down this road with a friend and was burned. So I will ask just because it's family. We...
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 ...
If I buy and sell houses(flip) as a full time job, do I pay capital gains taxes? I read somewhere if it can be proven as a full time commitment and its the only source of income I make, the capital gains taxes are inc...
I've been thinking about this a lot lately. How do you ultimately exit RE as a buy and hold investor? The most common things you hear people say is that they plan to hold forever and pass along their homes to children...
Question for the BP forum? What do you do when you are tapped out of liquid cast to jump on a deal? This is for general knowledge and also evaluating my situation question. Say you have a seller that wants out complet...