Ashley T.
STR tax deductions when there’s no rental income
We bought an STR this year but we were not able to rent it at all due to some repairs that took much longer than expected. Wondering what to expect come tax time. Will we not be able to write off any of these expenses...
Jesse East
Tax deduction vacation
I just finished two tax books, “Tax Free Wealth” and “Tax Strategies for the Savvy Real Estate Investor”, and both books talk about how to deduct vacation expenses with some planning. However, my tax advisor told me ...
Arron Paulino
Finding Funding For Deals in Detroit
Hello,
Does anyone have recommendations on lenders to start the BRRRR or fix and flip in Detroit? My plan would be to purchase SFR or small-multi with a lender and then either keep the property long-term or flip it t...
Abdulmatin Sanni
Credit Building Tips
Hello everyone, i have a few questions about building credit at a young age.What are the first best credit cards to get? What are ways to build a strong credit profile? Are credit unions really the best rates out ther...
Thomas Pellegrino
First Time Investing- Effects on DTI
Hello everyone, I've been looking to get into real estate for years!! I finally have enough money and a decent job after finishing my masters. I am having one small hurdle I for some reason can't figure out mentally. ...
Jarreau Jackson
Newbie Blind Spots for Fix-n-Flips and BRRRR deals
Quick post for the new and aspirational rookies as I am transitioning after my first chapter in REI!1. Beware of "Handyman Specials"1a) On your search for a property to rehab, understand there is a difference between ...
Shervin Mirdamadi
Write offs and qualifying for a loan
This question pertains to an investor who has limited income on w2. If after your write offs on your taxes you are at a loss on your rental property income ( the property has a mortgage) and the time comes where you a...
Jason Carter
Strategy for low income earners?
Hello, I would like to know the best strategy for someone who earns $23/hr in Illinois. Thank You!
Colin Reid
Real Estate Professional Status
I have a question about Real Estate Professional status as it pertains to taxes. I've been an investor for about 4 years since I moved out of my first home and rented it out. Since then, I have bought two more homes, ...
Drew Byrd
How do I close on a home if I'm out of town?
I have an upcoming vacation in which I'll be out of state for a week. If I happen to get a house under contract between now and then, and the closing date falls within the week I'll be out of state, can I legally have...