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In the beginning it wasn't too hard. The property depreciation would usually shelter all the income from my rental properties. Now that these buggers are getting paid off the income is increasing and the depreciati...
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Hi guys,I just wanted to take some time to tell you my success story. A little more than a year ago, I received a post card to a "house flipping" seminar hosted by Tarek and Christina from HGTV (which a marketing com...
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Hello BP!This post is meant for people like me. You've read all the books. Got your finances in order and are ready to make this happen but not sure if you could.A little background:I graduated college in 2017 with a ...
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There is a provision for a 3.8% tax on real estate sold beginning in a couple years as part of health care bill! I did try to verify with snopes. It was confusing and only discussed in terms of owner occupied sale. Di...
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I've always heard that I should use a corporation to reduce self-employment taxes while doing fix-n-flips. However, I've heard that you only need to pay high SE taxes up to $130k. If my W2 Salary is $130k+, then my ...
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I'm a newbie to the multifamily business. Currently have a 8-unit under contract, with closing in a month. I wanted your guidance/advice on the best way to structure the purchase such that I can protect my assets an...
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My rental house is located in Santa Clarita CA, where the big forest fire "Sand Fire" just went crazy last week. My property was close to the burn area, but no damage. The area was under mandatory evacuation for 3 day...
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Hello All;
I am looking for the advice and I choose this forum, because my problems are close related to money management and investment.
To make very long story short, after the most dirty divorce I was left with n...
Well this is my very first post! I'm learning as much as possible about real estate, as I'd like to get involved as soon as possible. While all my buddies are buying sports cars, I'm saving everything as a down paymen...
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Thought I would start a thread to see how different people define risk and take it into consideration.When I was in Grad School one of the finance advisors, who also manage money for other people, defined risk as "The...