My CPA is advising that I should not claim all of my expenses using the "STR Loophole" in order to avoid an audit. I renovated a STR and ended up spending an amount equal to my annual gross income. This was because th...
So looking at form 4562 on last years tax return, what might be the value on line 17 for somebody with 1 rental property. I purchased a rental home in 2012 for 120k, line 17 on my tax return says $116...I'm not so su...
Since my market is extremely hot, I am trying to come up with different people to hit with direct mail, people that are not on everyone's radar. I came up with a list of people who last bought the home in or before 19...
I am looking at a property, tax valued at 25,800.
The owner is selling it for 38,000. Owner financing with a interest rate of
3.5%. 2,500 down payment
Me and my business partner have ran the num...
I am relatively new to wholesaling, and my focus has primarily been on single family homes.
An opportunity has come up with a very motivated seller who would be willing to sell their 10 year old, 3 bed 2 bath MH for...
I’ve been abroad due to medical reasons. The reason why I did it abroad is because it was cheaper and I had no insurance in the states. I have EU insurance and it was practically free.However, while doing all this the...
Someone is selling off their portfolio in a small town near me. For 1.9 million they are listing about 32 doors. There is a seven Plex, a five Plex, and the rest are mostly Duplex is with some two bed one bath single ...
I currently have no properties but will be building my portfolio of multi unit properties this coming year. As I have been trying to learn about tenant selection I have found myself in a ironic predicament, I applied ...
There seems to be a lot of ambiguity surrounding the self-promotion rule and when it justifies the removal of a post. Some clarification by moderators would be greatly appreciated.E.g. I recently had a post removed lo...
I'm doing a cash out refi and the bank is asking me, "what am I doing with the funds', what is the right/wrong answer to this question?Obviously, they have never heard of BRRRR method. thanks in advance for any insight.