Michael Cooprider
LLC for Properties and S Corp for Property Management
Ok, I have 3 properties under my LLC, Wiregrass Property Investors, LLC (WPI). My wife and I are owners. We make $40,800 a year in rents, before taxes. I also have an umbrella policy to cover my personal assets.
I h...
Kristine O.
Urgent help in Tenant screening as a newbie Landlord
Hello rockstars! Especially to landlords. This is the first time that we are renting out to someone for midterm rental. My prospect tenant just completed his application form/background check thru avail.co. Can i as...
Michael Plaks
How 0% capital gain rate actually works
"For the first $40,000 of your income, the capital gain tax rate is 0%! You pay nothing!"
Fantastic, but what does it actually mean?
If I have no job and sell a property for $100,000 - does it mean I pay nothing for...
James Park
What does the top ten % of the top 1% net worth look like?
% Networth Estimated 5% passive income (Annual basis)99.90 % $30,644,280.00 $1,532,21499.50 % $11,898,128.00 $594,90699.00 % $...
Jonathan W.
Why do so many new people want to wholesale?
Why do so many new people want to wholesale to get started in real estate? Is it because all the guru's talk about it making it seem great. To me, it looks like it sucks. I would rater get a 2nd job at a good rate to ...
Keith Fowler
Quit my Job, Cash out my 401K, buy more RE investments.
I'm just days away from closing on a duplex . The rental portion of the duplex will cover my mortgage and upkeep.When I quit my current job I want focus on my small business and also supplement my income by cashing ou...
Randall Prosise
Should I invest in a new market, living around the world from it?
Hello everyone, and thanks in advance for any insight you may provide!I currently live and work in Beijing, and have a rental property portfolio in the form of 7 condo units in downtown Seattle. They are managed very...
Luca Dal Molin
Buy and hold abroad using new era technology
Hi BP,Being Italian but working in Dubai I can't really say that at the moment I have a precise market where to focus on. Having a 10-12 years investment plan to build up a portfolio to sustain my retirement I conside...
Lance Lvovsky
Tax Summary of Coronavirus Relief (CARES ACT)
On Friday, March 27, the President signed the massive $2 trillion coronavirus Stimulus Bill (the Coronavirus Aid, Relief and Economic Security [CARES] Act) to provide assistance to workplaces and employees. The law pr...
Bill Zhou
How would you improve your cash flow with $1.2M in townhomes?
Hey guys, my situation is a little tricky so I was wondering if I could get some input from you all. This is kind of a “what would you do” question. Thanks for reading!Current situation:I have five townhomes in the Mi...