Site cleaning is consistently understated in rehab construction budgets.  Most rehabbers include only enough for initial demolition/cleanout, drywall scrap removal and end of project cleaning. Increasing your construc...

Long story short..I have one rental (been renting it out for past 10 months) and it is fully paid for and I want to be legitimate with taxes, deductions, etc. I want to keep things as simple as possible, so I guess...

I am closing on a 2 family with a great upside for creating a 3 family plus additional storage space for increased rent. The home has a large fenced-in yard with an above-ground pool that was installed in 2021 and inc...

Hello!New investor here looking to buy my first property. I am in the process of setting up a trust. During my conversation with the attorney, she mentioned that it's rare for investors who finance property to buy a p...

Wholesalers,How do you explain to the seller the fed/state tax liability that comes with the sale of their home (assuming it's a second home - not their primary residence)? Since most sellers are hoping for a quick ca...

Hello all. I'm a new investor and currently have 2 rentals (1 vacant and only recently renovated). For the rented property,  during the pandemic,  I muddied the waters and used my personal funds to pay for renovation,...

I have been reading “Rich Dad Poor Dad” for the first time and I have to say...mind blown. I always saw my dad as very financially responsible, coming from a very poor upbringing and making a comfortable life for our ...

Hi all,

I'm purchasing an investment property (residential rental duplex) and I'm wondering what the best legal entity to hold it in would be.

Purchase price: $479,000
Monthly cash flow: $1,500

Income will be ke...

I'm interested from both lending and especially liability. We're buying our first rental. We work as missionaries showing very low income in my name and a negligible amount in wife's name.  File jointly.  Should tit...

Not sure what to do. I have a University student rental with a standard lease...which includes some rules of the house. One of them is no guns in the house. So, student #1 works on a ranch in South Texas and guns are ...