About 10 years ago, Friend A (on advice from his CPA) and an IRS rep both told me that I should strive to not have a loss on my rental property for more than three years, or no more than three out of ? years (not sure...

Hi All,I just got my 2015 tax appraisal value and can say that Harris county appraisers are going crazy !!! Compared to last year I'm having 120% increase in taxes. I'm planning to protest but not sure if I should do ...

I'm new to investing but understand property management well. I plan to start my business within the next 6-8 weeks as a wholesaler and property management but I'm getting stuck on which business entity to choose for ...

Hello BP,I have a tenant that swears she’s not smoking Pot in her unit. But, the last two times I’ve been in she’s said it’s a bag of marijuana I smell coupled with a few other marijuana non-smoking products. Maine ...

Hi all,I recently inherited 28 apartments units, a commercial property and an industrial warehouse property all of which we rent. Right now, we currently only have one bank account for everything! After reading the bi...

It has been 10+ years since I have bought a rental property. We currently have 7 loans in our personal name. I was looking for a bank to do a cash-out refinance in our LLC. One banker asked, "why don't you put it in y...

I have 7 kids... here are some things teach and how I pray it conveys to the future1) Be a active helpful member of family - being helpful in society 2) Don’t expect handouts !! Work to better others first and in tur...

Hi everyone,
I'm getting started in REI though I currently rent my primary residence, a 5BR 2800 sqft single family home (built in 2006) in a nice neighborhood in Durham NC (Hope Valley Farms) that I split with 3 oth...

Hello! 
My name is Jessica I live in Austin, Texas. My area is great for fix and flips BUT I'm interested in buy and hold.  I was raised in San Antonio, Texas and I want to invest there in the next 3-4 months. I am l...

Hello, I have a 23 unit complex under contract in Sioux Falls.  It is right at that 1.4m mark, brick structure, built 1980, and generates 800/m per unit.  The owner is 80 years old and is the original owner / builder ...