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I want to share the details of my Asset Protection Strategy. I welcome constructive comments.- First of all, I live in California as it has very little asset protection (for instance no tenants by the entirety) and it...
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I am curious how the landlords on this site will handle tenants whose jobs are going to be impacted by all the conventions being cancelled and hotel rooms being cancelled and flights being cancelled etc etc. We know o...
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I have seen several articles claiming that the deductibility of interest for your primary residence is on the chopping block to close our budget gap.
Does anyone know what is happening with this? Who is pushing th...
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Hi Everyone,As a CPA who specializes in real estate I have been doing some reading on the new Opportunity Zones (OZ) passed effective 1/1/18 with the new tax law. While guidance is still a bit unclear and more researc...
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Facts as per CAR attorneys:
1. FICO impacts are the same on SS and foreclosures
2. Banks will seldom if ever relinquish their right to recover on deficiencies
3. There will likely be tax consequences with SS and th...
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The numbers are in for 2021... 6 doors acquired in 2021... 8 total doors owned (all SFR)54k in rents, 24k expenses, 30k cap ex, and 30,500k in PITI...For a grand total of -31k net cash flow!!!but...400k equity growth!...
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My wife and I are contemplating an early retirement. Very early. We have saved well and have some money, but not enough to live on the 4% the mainstream retirement people say we need.My question is this: Hypothetic...
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Background:
I just turned 40. My net worth is 3.2 million. 1 million liquid cash, the other 2 million is equity in my houses including primary residence and rental properties for a total of 8 properties. Cash flow i...
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Hello. I am new to investing. I am trying to find our how to get into brrrrr. While I don't have a current income, I have good to excellent credit.
I am in the middle of closing on my own first home, which is $450...