I regularly teach courses at the RPOA and find that there are a few laws that many Michigan landlords miss in their management practices. Here are the top 10 I observe: Not following Federally and State mandated lead...
Need advice for a current situation.A resident told me today that they can no longer live in the house they are renting from me because the main floor of the house is too cold.We have had a professional look at the fu...
Hello Everybody,
My name is Nick and I am an extremely new to REI. I live in San Diego and I am looking to start investing. I've been trying to write up my business plan but I'm stuck on my mission statement. There a...
Hi everyone, I am interested in tax planning strategy to lower my W2 tax liability and create investment opportunity through the use of creative tax strategy. Can someone offer me some suggestions?We can work with the...
My husband and I purchased a vacation rental property four hours from where we live in January. It was gutted when we got it. Working with a contractor who rented it during the renovation, we got it remodeled, furni...
I found the following and thought everyone should read this:
Rights and Responsibilities of Landlords and Residents in Preventing Housing Discrimination Based on Race, Religion, or National Origin in the Wake of the...
I know I will have to talk to someone who specializes in self-directed IRAs, but thought I'd float this question on BP first.Would I be able to use my self-directed IRA to loan money to my girlfriend, to purchase a d...
Watched a video from Phil Pustejovsky, he noted that the game coming out of the housing crash was foreclosures & shorts. My question is: what is the game now? In the intro forum Justin mentioned that the MLS is ...
With all the talk of bubbles, I was thinking to myself, What causes irrational exuberance in people when it comes to different forms of investing??
It always leads to some bust, and yet it happens over and over again...
Found my 1st flip. Its pre foreclosure. I am concerned on the taxes I will have to pay on the flip. expecting to profit 100,000.Any help on a strategy to lessen my tax burden would greatly be appreciated.Thanks Steve