Brett D.
Newbie's first offer in Santa Clarita (Los Angeles), CA
$489,000 purchase price$10,000 face lift$1698 mortgage (25% down and a 3.75% rate at 30 years)$307 taxes$175 insurance$175 HOA$118 vacancy$29 maintenance$59 CapEx$2561 total expenses$2950 rentDoes this seem out of lin...
Robert Willard
LLC Purchase with IRA funds.
My wife and I are using some IRA money to invest in real estate. We will set up an LLC when we create the new IRA and run our Real Estate into that. I reached out to my mortgage guy to run our plan through him and h...
Christian Valencia
How can I earn $5k/month in passive income and live abroad?
My wife and I are in our early 30's and currently have a 1-bedroom condo in CT renting for $1,750/month with expenses (including mortgage, tax, insurance, etc.) at $1,200. We both work 9-5 jobs in the marketing/event...
Account Closed
The Go Zone
I see investment companies pushing investments in The GO Zone (Gulf Opportunity Zone) in overseas markets and claiming the US government will give investors $38,000 just for buying a house.
The only thing I know abou...
Igor Balakhnin
Do you pay capitol gains tax on owner occupied duplex at sale?
Hi,as far i was aware this whole time when you owner occupy your duplex one side and rent the other for 2yrs and you sell it within 5yr period there is no capitol gains tax. Is that statement true? I'm getting a lot o...
Christopher Williams
Tax classification
Hi all. I'm new to real estate investing and from the Philadelphia area. I recently set up my business using legalzoom. The main function of the LLC will be to flip properties. While I do have a minority partner, I wa...
Sandro DeAngelis
No 1031 exchange! Strategies to save on Capital Gains?
Hey everyone,I am selling a property that I will be making a good chunk of change on. I will be slapped with huge capital gains.....I DO NOT WANT TO DO A 1031 Exchange but want to either;1) Put it in some sort of ed...
Lily Lee
Tax for hiring kids to help rental
Hi. We have several rental property under personal name not LLC yet. My 12 and 14 years old have been helping with rental a lot especially over the summer, they pretty much did all the paintings plus lot other jobs. ...
Bob Gillar
Total ROI Calculation Help please
Prior to buying my first beach vacation (out of state) rental property, I wanted to use numbers and calculations to asssss my potential investment. I'm making an excel sheet with all the calculations found on this we...
Percy Greyson
How to write off material cost for spec home builds
I am not sure which Forum Category to place this, please move it if needed!Preface: I am in the midwest. Our median income is in the 45 to 50k range. So in terms of numbers I am far from talking about million dollar ...