Hello all, my question is pretty basic but I cannot find a good answer online.
How much will I pay in capital gain taxes?I have a triplex that I bought for 200k 6 years ago, I refinanced to take cash out and now I o...
Every book I have read about buy and hold investing talks about forming an LLC as an essential part of your business. The line that is repeated over and over is that it protects you from a tenant suing you for everyth...
Hi BPI am a newbie currently looking for a property management tool to manage my first Triplex that I recent house hacked. Appfolio, Buildium, and Tenant Cloud, so many out there but not sure which one is best for sta...
When we talk about investing, there are two important components. First you want return of your money, then you want a return on your money. The return of your money bit is all about safety. Oddly enough, some ...
I've been on BP for about 5 months, reading and listening like crazy. Unfortunately my primary home has given a few hits to my reserves recently so I'm in the process of saving again for a down payment on an investmen...
Medium-term rentals are a great way to increase revenue in Austin. By furnishing your property and listing it on Airbnb for 30+ days you can double your rent. Supply of medium-term rentals listed on Airbnb has increas...
I have a single family house in a class C neighborhood. My tenant texted me that she was thinking about it and she would really appreciate it if we could replace the front door on the house. She said that because the ...
I have recently heard of an interesting tax-saving strategy of how to convert traditional IRA to Roth while paying very little in taxes. I would like to share it and get some feedback.
In this example I'll use a trad...
Say you have a profit of $30K a year and you have invested into your home as much as you would like to, for now. So you don't want to just put the money back into the house.What is the best way to pay yourself that 30...
I've heard many people getting an LLC and using it towards their rental properties. I just had a few questions to clear up and ask like:1.) What is an LLC and how can you use it towards your properties?2.) What is the...