Jason Avila
Paying consumer debt or investing with new capital?
I have about 25k in cash available. I also have about 45k in non-real estate debt. Credit cards, car loan. I really want to refinance my current residence to get it rented and look to buy a new home. Both the refinanc...
Account Closed
Cares Act withdraw 100K
Does it make sense to withdraw the max of 100k to invest in a rental property vs a flip?
S. Perry
Questions concerning the use of a PM
**Tried to correct the typo in my title but was unsuccessful.
We own a SFH and will be renting it out in the near future. We have decided to utilize the services of a PM. I am far from an expert but with some resear...
Matthew W.
Millionaire that can't get a simple loan, need suggestions
I had a well though thought strategic default (under legal guidance) in 2010 on a residential RE property. Back then, the lawyer told me it would hurt me for only 3-5 years max. Well that is not the case at all, and...
Paul Anderson
Can’t decide what direction to go...
My husband and I are stuck and don’t know what to do....need help! Here is our situation:When we got married, he moved into my home. We started renting his townhouse to his parents (I know...renting to family, not the...
Andrea Cole
Financially naked newbie seeking REI strategy recommendations
Goals in priority order: 1) Cash Flow; 2) Income replacement ($150k/yr to end of life); 3) Legacy for 3 childrenAge: 57; retire from corporate in 5-7 yearsLocation: Austin, TXInvestment Stats:2 SFH owned outright; val...
Jamal Rodgers
Newbie....What to do with my family!????
Hello everyone! My wife and I are very passionate about REI. We've actually put if off for years, thinking that we needed to bring in more income before diving in. After reading numerous blogs and forums, we realize t...
Bill Bell
Stuck/Squatting Tenants
I have a scenario where the tenants experienced financial difficultly in July and were unable, they claim, to pay Aug rent, due on the 1st. They also noted via email there intention to move via a 30 day notice. Howe...
Joshua R.
Relocation to Milwaukee looking for some Deal Analysis Advice!
A lot has happened since my last post. I am not going to go into the details of the new circumstances, but long story short I now live in the Milwaukee area for work. It is very random how things happen but everything...
Anas B.
Tax Considerations for Flipping
Hello all,
What are the best tax preparation practices for house flipping? I utilize two methods of home repairs: rehab then rent; or rehab then sell (the typical flip).
Would my tax planning differ in each of the t...