I listened to Amanda Han in BP podcast and also read "Tax Free Wealth" by Tom Wheelwright. I just signed contracts for my first two rental properties in OK and LA. I also have W-2 income. I was trying to find a CPA an...
Now that I feel more confident in bidding on my first property, I am unsure/concerned about prior/following costs. How do the deposits work (FL for example)? Each county seems a little different, but how do I calculat...
Both federal and state politicians continue to stick their fingers in our business with various regulations. Rent control is becoming more common. Limited rent increases. You're limited to how much you can charge for ...
So this is going to seem non traditional but I thought I would share as I am always looking for creative ways to help my bottom line. I am installing solar on my primary home but this post isn't about why or why you s...
Please advise , on duplex
Asking price 90k
2 units currently rent for 775= 1550
Tenants pay all utilities
Annual taxes 2000
Homeowners insurance is 150 a mouth
This Duplex is in metro Detroit
This is my first...
Hi! Does anyone have recommendations of who in the area can help with self directed IRA and solo 401k's. Looking to possibly transfer from my traditional 401k after leaving my W2 job. I've spoke with my accountant and...
Hello,I am new to the real estate world and have an LLC based in Utah. My accountant is completing my tax return and because we are focusing our attention on Texas (even though I haven't made any money yet) has advise...
I just start looking for my first rental property. At this point, LLC might be costly, so I don't consider to use LLC as my land trust beneficiary.
For the privacy purpose, can the land trust apply for one tax ID num...
Hi all, I'm close to pulling the trigger on this property in Chicago. I'm going through a turnkey provider. The renovation has already been done and the property will be tenanted with a section 8 tenant. I have a bu...
What does a good CPA cost when tax time rolls around? Now I already know that this is a "it depends" kind of situation and I understand that. I'm just looking to get a ballpark idea of what would be an insane number. ...