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I have a tenant on my new multifamily property who was screened by previous owner/management so they were inherited and already gave notice that they are moving at end of lease in October. Their unit is on the second...
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I am a few years away from buying my first house, and am wondering where to save up for that. Currently, I invest through Betterment with a general investing plan and a Roth IRA, and I also contribute to my employers ...
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This is my first major rehab and I'm trying to be creative about stretching my budget. It needs all new appliances. I see some great deals on FB Marketplace - Is it better to buy one used (obviously making sure it see...
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Hello everyone,I recently bought a second property in Michigan and I'm really excited to get it rented. However, I was unsure whether I needed to open a new bank to manage the finances associated with the property. I ...
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Curious thoughts on the following scenario.Current SFR with $51k loan at 8.125%, just purchased with around 10% built-in equity on the property, $250 monthly cashflow (post expenses). Current individual stock portfoli...
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Hello All,
I need someone who is strong in math and or spreadsheets to help me with goal setting.
Here is the situation: I want to own (free and clear) 15 properties as soon as possible.
The first one will paid...
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I am doing my taxes myself via turbo tax and I must say I am underwhelmed with the tax breaks I am getting for owning a rental. My wife and I have strong W2 earnings at about 250k combined and it doesn’t appear that a...
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Im looking for a online rent payment service that i can convert all 29 of my tenants to. But the problem is that a few of my tenants dont have internet access or a phone mostly my few section 8 tenats. The rest are go...
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Looking for some advice on finishing my 2020 tax return.
Here is the situation:
In 2020 I became a realtor and also acquired an investment property. 2 different activities that need to be reflected on my tax retur...
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I have very little experience with investing. I purchased a small single family home with a partner 3 years ago that has a nice little cash flow to it.
With that said; I am looking for someone to tell it is OK to hold...