I might be missing something but when I do calculations for potential flips, such as 70/30. The numbers work, but when I take into account taxes I would have to pay on my gross profit (purchase price - sale price) it ...
Quick take on new tax bill-if possible defer income to 2018. Pay deductions in 2017. My first move!Lower tax brackets in 2018- less deductions available in 2018 compared to 2017. Example: Florida allows you to pay pro...
Good afternoon all so I have been taking Dave Ramsey financial classes over the last couple weeks. If anyone hasn't heard of him please look him up, but anyways my question is his beliefs and what he teaches on is abo...
Okay, I should have posted on this new member forum first. So here I go. My name is Ralph and I am located in Missoula, MT.
I am interested in real estate because I am looking for ways to overcome: living from paych...
Hi, This is my first post so hopefully it is not the wrong place or out of place. I suspect this question has been asked many times and depends on specifics. In my current situation I don't think either method (flip o...
I am considering doing my first deal via the BRRRR model, however instead of rehab I want to build new (Duplex). $500K asking price with $275K land value & $203K home value (will be torn down). It's a hot area wit...
Hello everyone! My name is Kevin. I live east of the Seattle area with my lovely girlfriend, Hannah :). We are both from Ohio and plan to move back to Cincinnati this summer where we will begin our real estate journey...
I have no debt, nor did I ever. Not a penny. I paid cash for my undergraduate degree. I paid cash for my car. I paid cash for my home. I have no credit card debt. I'll have finished earning my masters, which I paid ca...
Hey y’all, I am interested into getting into multi family renting to get myself some cash flow for more investments (essentially looking to start my real estate portfolio). I have around 5 - 10k available to invest a...
Hello,I have a 500k mortgage on a triplex @2.5% interest and 250k of cash in sitting in a savings account yielding at 2.5%. The treasury bill yields are getting close to 5%. I am feeling tempted to invest my free cas...