Hi all,
Lately, I have been trying to do my best to learn the different tax laws and am confused on a few different things. Recently, my accountant told me that if I hold a property for over a year in a LLC that doe...
Hello everyone! I have been gathering information and some people say cost segregation is only worth it for expensive buildings. Is this true? According to Turbotax, with 27.5 years depreciation, my $600k building ...
With the way the housing market is, must the 1% rule be followed in order to be profitable? For example, if an 1800 sq ft home is selling for $285K, it might not be feasible to rent it out for $2850 per month. Especia...
Hello everyone, I was hoping to get some advice on ways to finance my first rental property. I have little credit built up, so I am wondering how I can get a loan from the bank or a third party lender. I have 50k in e...
Hey BP! Got yet another obstacle, a subject worthy of discussion! I've made an investment in Menifee, CA. A single family long term hold in the hopes of this city growing with amazing returns in terms of appreciation(...
I was wondering if you guys include principal deduction as part of the cash on cash return calculations. I mean the equity is yours and will be able to cash out upon sale.
My wife and I are renting out the basement of some close relatives in San Jose, CA. We're comfortable and are in no rush to leave. We both have good jobs in the south bay. I also grew up in this area and most of my fa...
In the quest for financial independence, real estate investment emerges as a beacon of opportunity, offering paths to wealth that traditional saving methods seldom traverse. This practical guide delves into the essent...
There are a lot of levels of a BRRRR deal. A "Full" BRRRR is usually referred to when the entire initial cash investment is pulled out at the refinance stage. In my deal's case we are pulling out almost, but not all o...
I am considering my first purchase for buy and hold and found a potential deal, but there's a caveat. I plan on living in one side of the duplex for the first 1-2 years. By doing so, I will "reduce" living expenses...