I am 25 and my wife is 27. We take home about $4,500 a month. We have a mortgage on our home that we bought just 2 years ago (no equity) and have about $80,000 in student loan debt at about 5%. I am looking for advise...

Property (965 sq. ft.) ARV ~ $40-45,000 (based on similar homes in area)
Assessed @ ~ $29,600
Asking ~ $19,000
Rehab ~ $3500 (rough estimate)
Small 2 Bdr on an acre out in the country.
Owner owes nothing on it.

What ...

Hi, I’ve been thinking about how to get the real money in my pocket. So here’s the game plan (mindset) without looking into it to much:1) Find a house using (ARV x .75 - Repairs = MAO). Hopefully a quad-plex.2) Use a ...

If I pay a contractor for work performed should he give me a receipt or do I 1099 him? He uses his own tools and I give no training or anything. Thanks

My parents are starting to rent out part of their home instead of just letting my kids live there. This is great for them, but they aren't really good at management. Thus, I will be doing most of the work for them. Th...

Fully rented upstairs/downstairs duplex in a village setting about 45 min from a mid-sized city. Each unit rents at $600/mo for a total of $1200 gross income monthly. Utilities are separately metered and paid by ...

I have a chance to rent out a large room for $2000 a month in my primary residence where I live (Key West prices). I am unemployed, my wife makes about $65,000 a year working, for our healthcare we are receiving Obama...

I chatted with someone who talked about how they moved the title from them to their LLC, and while reading about some of the options, I was curious if anyone here has done it. I looked at the warranty deed vs quitclai...

I'm thinking of converting a vacation home to a rental.  Obviously I can get depreciation advantages, but how do I do that?  Do I simply start taking depreciation on Schedule E?  Can I get retroactive advantages?  How...

Hello all,I am a self employed contractor in CT. I have been running the family business for 16 of its 35 year history. It amazes me that if i wanted to go to a bank and ask for a loan for a piece of hard equipment th...