I really need advice, I've been in limbo for about 2 years.- I own 5 free & clear SFR rental houses and 1 nice duplex (personal residence with a 20% equity mortgage on it. All properties located in a stagnant subu...
We have 3 rentals, and Turbotax says we made about $27k off the 3 combined last year, so I ended up having to pay the IRS $8k. Currently the tenants pay us directly to our bank accounts. Would we owe less if we set up...
I found this UBS article while doing some research last night. Some folks on BP may benefit from it:What Is "Wealthy"?After reading this and several related articles the consensus seems to be around $5M to be conside...
All- I am a experienced rehabber...I have renovated 50+ homes over the years. I now looking to get into new builds as our market in Denver is becoming really strong. Inventory is extremely low right now.
Curious w...
HiI bought two properties this year and sold them for a profit. It is my understanding the profit from those flips will be treated as active income and subject to self employment tax. However I didn't even lift a fing...
Hey guys,
How do you go about getting seller financing? Do you just ask the seller if they are familiar to the topic and then give them more information?
In addition, what if the seller uses an agent? Do you just p...
Hi everyone,I'm a big fan and followed a ton of the posts. Right now, I own a multifamily property bringing in 2K cash a month (if I don't live here)...Right now, I live for free and make a few hundred bucks a month.I...
I am about to sell an investment property to a tenant who got a settlement and can now afford a down payment. She is very eager to buy. I own the house free and clear, and would provide seller financing. This is the f...
It seems like this is an impossible task with both limited funds and time. I work full time and with a kid in day care, how do you have the time and money to buy, rehab, and rent a multi family building?What’s the b...
I am a teacher so I'm off work for the summer, and I'm focusing 100 percent on growing our REI business.I got two off-market houses under contract last week -- a fix and hold, and a potentially lucrative flip. Great n...