I'm a first time owner of an investment property. Challenge is that I did not figure in a senior tax exemption as well as homeowner exemption, which made the taxes look deceptively lower.
As it is, with the downturn...
Hello All,My name is Grant and I am a recently graduated college student (23 years old) who has just moved to Chicago only a few days ago. Shortly after graduation, I read Rich Dad Poor Dad. Ever since, I have been ve...
Hello House,I have some savings I need to invest in RE,QUE:Do I buy 3 turnkey properties and rent them out OR Do I buy, Rehab, Rent ,and Refinance a single property??NB: I intend to buy cheap ,then Rahab with my cash ...
I'm a new member, just days old to this site, not sure I'm posting to the most appropriate forum. Friends praise this site, I'm seeing why!
I've read lots of rent vs sell topics, some applied to me, some not.
I live...
I mentioned in a prior post that I had purchased the Armando Motelongo 3 day class. In this class they spoke about Self direct IRA. They said you can put an LLC inside of this S.D. And do your business from inside thi...
I have an S-corp that rehabs and I own a few rental properties personally. I turn over my Quickbooks for the S-corp and a spreadsheet for the personal stuff. Its pretty much fill in the blanks for my tax returns. W...
Hi,
So I am in the middle of negotiating with the seller.
I told to listing agent that if I want to accept the seller's offer, he would have to pay for all the closing cost and escrow fees.
(I am new to this. This ...
I am looking to make a move to use a professional accounting system as I currently manage 5 properties and am using an excel spreadsheet. Time is money and I am trying to continue to grow so I am looking to simplify ...
My sister and I just bought our first rental property together in Providence, RI! As we started going through the closing process a month ago, we began asking ourselves, "do we need to form an LLC?" The main concern ...
Hi everyone, I'm a first time investor looking to invest in long-term out-of-state rentals. I've been wanting to get involved for years and have been spending time researching/reading in the interim. The idea of being...