Dustin Drenth
Pay off student loan debt or invest in real estate?
My wife and I have close to 300K in student loan debt at 6.9% interest that we will starting paying on in June 2022. We have two decent paying jobs where we will bring in between $180,000-$210,000 a year before taxes...
Wesley Myers
Purchasing STR’s with inherited IRA funds?
I have a unique situation with an inherited IRA from a sibling that passed a few years ago. I could potentially purchase 3-4 units (down payments) with funds from this account over the next few years still leaving a g...
Cody Cavenaugh
Getting approved for a Loan- Ideas
Hey y'all, I am looking at purchasing my third home and would like advice on getting a loan. This will be my 3rd house and I just closed on my second back in March a few weeks ago. For the previous 2 homes I own, I ha...
Greg Widdicombe
Final transaction(s) in QBO to close out a flip
Hi many thanks for all the previous discussions on setting up QuickBooks for rehabbing, we poured through the advice and believe our setup and recording of expenditures are correct - now comes the fun part of recordin...
Angelo Cortez
Maximizing W2 Tax Deductions - Quit second job or keep working 2 jobs or STR?
I have two W2 jobs. W2 income is total ~300k/year. I already co-owning a duplex, but the VA loan is under my friend's name, so I don't think I can quite deduct that yet; I have helped with furnishing / renovating one ...
Mackal Smith
2 potential deals 36 and 38 units, ready to move up - St Louis
I have been pretty successful so far in my real estate investments. I'm still working full time, but over the last year and a half I have been able to pull together a total of 17 units made up of duplex/4 plexes. I'm ...
Jake Hartman
What would you do? Investing on Maui with another partner......
I will try to condense this down to a simple scenario for anyone that may want to offer an opinion.A good friend and his wife and my wife and myself plan on buying on Maui in the next few years. We all plan on moving...
Brian C.
Help with the tax man please!
Hello,
Seeking some advice on a nuanced situation. My uncles have an LLC with 5 SFH rentals and split 50/50. On home 6 I joined the mix and we all have 1/3 stake in home 6. In reality, we track and split all cash flo...
Sara Batool
Looking for advice on a plausible tax saving strategy
Some background that I hope provides cover for naive questions. My husband has a regular W2 job in the bay area. I used to work as a hospital/pharmacy admin, but took up work at my local elementary school to be close ...
Peter Fischer Flórez
Income and expenses tracker
Can anyone recommend any soffware to track income and expenses with key metrics and reporting?