What am I missing? After significant research regarding college savings for our son, my wife and I have devised a strategy which we would love the community to pick a part. We are not happy with 529’s, Coverdell’s, a...
I've read that you can Homestead two properties in Minnesota if a relative lives in the other one. Are there rules around charging rent? And is there a tax benefit? The information on the county website is unclear.
I...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $52,500
Cash invested: $70,000
Sale price: $214,000
This was a Fannie Mae property, so I had to live there for ...
Investment Info:
Other other investment.
Purchase price: $4,200
Cash invested: $11,000
Bought this 1984 vintage holiday rambler travel trailer and spent around $11k renovating and outfitting it as a ...
I have been a landlord for 9 years now and I am looking to scale up faster because I am tired of cubicle land. My goal is to be full time investing in two years. I have a duplex that’s free and clear estimated worth ...
HELLO,I'm a property manager and a landlord, I'm looking for advice and tax strategies to lower my tax burden. I feel like I need to start an s- corp but don't know where to start. I really would like to here from tax...
Hi guys! My name is Daniel Walker. So Cal born and raised. I was born in Long Beach, but now live in LA. I was wondering if any of you had pointers on how to get started (at age 19). My passion and interest has always...
I understand that before actually diving into real estate, it is beneficial to have a plan. I have a direction - the first property I purchase will be a multifamily (small - max of 3 units) in which I will reside in o...
Hi BP Community,Ive been looking into purchasing a 4 unit using the FHA loan. Before getting prequalified, would it better my chances to pay my credit card/ loans down? or does that even matter. I wanted to jump into ...
Hey Good Afternoon Everyone,
This question is primarily for the seasoned REI and or CPA
Here's a little bit of my situation. In my search for buying a home at 26yrs old this year, I stumbled across an ad for a fr...