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Excited and anxious to learn and grow. I own a rental home in a college town and an investment property out of state. Interested in getting focused, making connections and learning as much as I can!
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Planning to pull 200k out of a small investment property in South Jersey. Rocket said they could close within 3 weeks; 75% LTV, 6.997%. I placed an inquiry in their website and my phone rang immediately. Salesperson ...
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Investment Info:
Single-family residence fix & flip investment in Forestdale.
Purchase price: $625,000
Cash invested: $250,000
Sale price: $1,910,000
Get ready for our groundbreaking fix a...
I acquired a 17 bedroom, 10 bathroom closed down alf through foreclosure. Theres three seprate buildings the Main building is 10 bed facility with 10 bedrooms and 6 baths plus office, utility room, kitchen, dining roo...
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Hello, first post from a new member! I recently formed a single member LLC through the state of Texas to use as a vehicle to buy and hold passive income streams. I have a few existing interests in multifamily and comm...
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A friend and I own 7 rental properties. I've done 5 flips in the past on my own. Last year we did a flip on a house through the partnership and I'm confused about the taxes. Round numbers for sake of example:Purcha...
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As I’m sure many of you are aware of, bonus depreciation began its phase-out this year. Bonus depreciation has been a key element in the tax planning strategies for many businesses which allowed for a large portion of...
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$10,000 seems to be a good amount of rental income (monthly) before quitting your W-2 job.
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I’ve been struggling to get the right answer in writing off investment property interest. I thought investment property mortgage interest was tax deductible. My tax guy is telling me it is not. Does anyone have any in...
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Hello BP! I’ll cut right to it. Im trying to walk myself through the BRRRR method while using an FHA (203k most likely) to fund my first property. Once that’s done, and I refi, how will I be able to pull out enough $$...