Cedar Wood
When it's investor vs investor
For the past year I've been spending weekends rehabbing a vintage cabin, planning my next step to get the cabin ready as a short term rental, BRRR, and buy another cabin, my life dream. Until... I heard people trompin...
Account Closed
Are Principal Payments Subject to Income Tax? Asking for a Friend
What's up everyone! A close friend and I just had a discussion regarding the tax treatment of P&I. Whoever is right gets a bottle of Tito's so, no pressure here! While talking up funding strategies, I mentioned to...
Joseph Hoot
LLC's - earning credit history, tax rates vs personal, and 1031
Background: My wife and I made lots of changes in our lives over the last year (REI and non-REI related), including her going into REI full-time. Our short-term goal for 2016 was to get a business entity going, get ...
Pam Smith
REP status for running STR's
Hi all-I currently have a full-time "day" job but would love own/manage STRs full-time. Just curious, anyone with REP (real-estate professional) status on here, how many STRs did you need to get to in order to qualify...
Kent Harris
Assigning Rehab Properties
I was looking at the Freedom Mentor program (FMP) and Phil had mentioned something about assigning the property instead of purchasing it and having a crew do the renovations. I have found a GC that went bankrupt after...
Travis Good
capital gains or cash flow?
Looking for some insight on a plan of action to my goal of becoming more free finance wise and timewise.
With $50,000 available on a HELOC (floating interest rate) Would it be better to do a small scale fix and...
Stewart Olney
Are you active in Flint, MI?
Hi,I am interested in obtaining some buy and hold properties in Flint, Michigan. I was wondering if anyone has any experience in Flint, and if so how it has gone for them.Prices are good compared to the rent you can g...
Barry Brandenburger
Investor Friendly Title Company Phoenix(surrounding cities)?
Good day everyone, just putting some feelers out to the local community in looking for an investor friendly title/escrow company in Phoenix or the surrounding cities(preferably Tempe/Chandler area). I've called one, o...
Julian Rodriguez
Cash Out on Investment?
Hello everyone. I have a rental property that I owe $290,000, I bought it for $330,000 in 2010. The property is valued at about $800,000 currently. I have a 4.125% interest rate, monthly mortgage is currently $2,65...
Jason Schatz
1st potential partnership - basics
Hi All -My wife and I have purchased, rehabbed and rented out 4 duplexes in the past but did so as either owner-occupied or by funding the deposit ourselves. As we are looking to expand our real estate business, I hav...