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 ...

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...

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...

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...

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...

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...

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...

Hi everyone,I'm using a FreeTaxUSA to file my taxes. I currently own one rental SFR, purchased May of 2018. I did an online cost segregation study through KBKG. I was able to break out my depreciation based on the 5/1...

After sales i'll have about $300k.  I'm experiencing analysis paralysis.  If I want to save ~$60k in cap gains tax i need to 1031 into something.  Or, should i just pay the tax and throw it into the S&P500?  I fig...

Hey all, I did a cost seg study on my short term rental for the 2022 tax year. I'm a financial planner by profession & really wanted to understand the nuances behind this topic more. I love comparing the hype vs r...