Hey guys,I was wondering if you would be please so kind and help me out?Ive been trying to buy a building and there was water in the basement (my handyman said tenants and maintenance crew that was there when the hand...

Hi all! I have a property I bought through the Duval County Foreclosure website with cash. I am working with 2 people on fixing it up and flipping it. The property is in my name. We are going to split the profit evenl...

I'm looking for advice on whether to sell a property.  My wife is asking me to sell our single family house we own in South Carolina.  We bought it to live in back in 2018 after we moved down to help with her family. ...

Hi Everyone!Looking for any feedback that you are willing to part with on a situation I will be in next year. So, it is currently 2023 and I was originally planning on selling my gated condo with a small backyard and ...

Hey friends, I'm considering using a Self-Directed IRA to invest in a short-term vacation rental. So two questions: 1. Should I transition my current Traditional IRA to a Self-Directed ROTH IRA or keep it as a Self-Di...

Does anyone have an alternative way of calculating the value of a BRRRR in terms of future income - present value? Annuity, perpetuity, zero-coupon bond with a speculated maturity value? What I'm trying to solve is fi...

Hello everyone.  This is my first post here but have really enjoyed reading up these past few weeks.  Glad I found this site.  It's addictive.
I am getting ready to break ground on my first 2 rentals.  I am approved ...

Background:-My wife and I have two single family rentals in Fort Worth TX where we live. -After PITI and 10% for maintenance/capex the rentals combined cash flow $575/mo or $6900/year which is approx 2.6% return on eq...

My CPA advised that since I will be managing the rental myself, rental income qualifies as Active (=earned) income (vs. Passive).
Does that sound right?

Let me start with my story/information.I lived in Myrtle Beach where I bought a condo for 79,000 in 2014. I currently owe 45,000 on it. I moved to Charleston Mount Pleasant area in 2017. I make an average salary of 50...