I think it was Robert Kiyosaki who stated if you own rental properties and your paying taxes you are not doing it right. Please Help me understand this better. I basically use the brrrr strategy and use my local len...
Hello community,The wife and I just purchased our first property that will be our primary for the first year or two on a FHA loan. We do plan on refinancing it after that time due to the ideal interest rate we are pro...
Apologies in advance for the lengthy post.On 1 January 2019 my wife and I owned our primary residence and a rental property a three hour drive from our primary residence. That is the last day I think I fully understo...
I am current resident of Hoboken, NJ, and a yet-to-be property investor. I am currently looking for a great place to invest my money. I have spent a decent amount of time understanding the basics of equity investing...
I'm trying to buy my first investment property with ~$100k saved up.My brother started his first W2 job last month that pays $45k/yr+ commissions.I plan to get a minimum wage job/an entry W2 job since I'm still in col...
Hey,
So I flip homes and have rentals. Question is should my tax returns for my LLC file me as a dealer or investor?
Real estate is not my primary source of income and I do not do any of the work myself. I simply fi...
I know throughout the country CAP rates vary and Arizona certainly doesn't have the best CAP rates. However I was curious what other investors would consider an "Average" CAP rate? Preferably in AZ.I'm from Phoenix, A...
Hey Everybody,
My name is Mandy and I'm 23 years old. I live in Lincoln Nebraska (the heart of the heartland) and starting in REI.
My background is in CIS and decided a JOB (Just Over Broke) wasn't for me. It wasn...
To All,my wife and I and partners (daughter and son-in-law) purchased a condominium investment property on December 31, 2015.Some questions:(1) Are there any real tax advantages to closing on the last day of the year?...
My wife and I are house hacking a duplex and we are ready to move to the next property. Can we do a cash out refinance to purchase the next property, to live in, if the duplex is currently our primary residence? We ha...