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I've read that a business owner can hire their children, then fund a Roth IRA for them since they have earned income. Are there any reasons this would be a bad idea?
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I looking to get a consensus of what is the top 3 biggest cost for rental properties owners occur on a consistent basis?
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I have a tax question on water heater replacement. I Know it should be a capitalized expense written off over X amount of years. Last year I replaced a water heater and in doing my taxes using Turbo Tax there was so...
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Hey I am looking into Chicago as an out state investor from NYC, I have some ideas but i would love some help on. great programs i could use for comps. Really looking flips and not buying and holding yet. i would lov...
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Bought a condo at a ski resort in CO in May 2022 for $510k. Put down 15%, borrowed the rest at 4%. Originally planned to move in, or at least use substantially, but life had other plans so have been listing on Airbnb....
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Looking to make an offer on my first rental property. It is a two bedroom, one bath condo unit in Oak Lawn, a southwest suburb of Chicago. Neighborhood is a nice, middle class area.
Listed as short sale on ...
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Here is my list of the most dangerous real estate related investments for the “non professional” investor lacking direct knowledge and experience in these investments 1. Tax liens2. Mortgage notes3. Syndicated real e...
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I am completely new to the world of apartments, but came across an off-market out-of-state deal that was worth exploring. I'd like to lock it down as soon as I can, but the problem is that we don't have the entity st...
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Afternoon BP Community. Listening to several podcasts and reading many blog articles, there is a constant debate on whether someone should contribute to a 401K or take those contributions and direct them to RE. Unless...
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Hi everyone,My name is Shane, I'm not necessarily new to the investing world as I've been lurking and educating for years now, but I am yet to make the leap of buying a first investment property. However, I think I'm ...