Mary Jay
Depreciation is helping my taxes?
Hi guys,I think I am starting to understand why Robert Kiyosaki always runs to buy a property when he has an income from his business.Please correct me if I am wrong in my example:Lets say a person makes 100K per year...
Anthony G
Your home an investment or liability.
Do you see your personal home as an investment or an expense? I'm on my second duplex that I bought to live in, improve, and then rent. My next home will likely be a single family and in a nicer neighborhood. I'm n...
Dan D.
Tell us about your expenses
I have a single family rental right now.Vacancy adjusted, I bring in $21,000 a year in rent.My annual expenses are:Property tax: $3200Insurance $900Washing machine $500Plumbing repair $250Irrigation turn on and turn o...
Kevin Howard
Is it smart to cashout refinance just to do so?
Hello BP,I'm considering refinancing my rental properties and was curious if anyone had any input on the situation...I own a vacation rental free and clear which is worth about $500k and brings in roughly $10k a month...
Irwin Ayala
Need help! My first property is underwater!
Hello! I'm a new investor seeking help with a long term situation. While I was I the service, I was stationed in Valdosta, GA. I purchased my first home in March 2008 through a VA loan (0 down payment) for $159,000 w...
Jonathan C.
Flipping as Active Income - Tax issue/Question
Hi All,I have read a lot of posts & books and even attended "Guru" seminars that all seems to make the same statement that a Flipper pays his/her profit as active income - in tax bracket of 30%(?) vs. 15% capital ...
Nicole Clemens
Has this ever happened to anyone? House sold to 2 people at once
Hi Guys, I purchased a property 2 weeks ago - purchased as in went to settlement, paid the title company, received keys from the seller- and I received a call today from the title clerk stating that she was contacted...
Daman Gandhi
Are you receiving rents since lockdown?
Are you receiving your rents since lockdown ? Any specific government advisories in your region?
Wade Haldeman
How To Fund High End Home To Flip or Wholesale? Risky?
I may be able to acquire a very nice property in one of the most desirable locations in the SE. The home was built in 2004 and needs little to no work, it is simply facing foreclosure. After running the numbers, the...
Eliot M.
Neighbor's house recently boarded up! Messing up my flip!
I closed on (bought) a flip a little over a month ago. At about the same exact time, the house right next door had every one of their windows and doors boarded up with plywood. As it turns out, the neighbor vacated ...