I am a newbie RE investor (currently getting approved for a HELOC to fund my first purchase). I read several post that some people recommend having a CPA before out while other say you can wait until you have a few pr...

When I first learned about cap rates I thought that they were a great way to compare properties independent of any particular investors financing situation. It also sounded like every particular area/neighborhood ...

Hello everyone,I’ve been lurking the forums for some time and using the search bar to find this but to no avail.
It’s a house hacking tax question.
Anyway, a bit of background on my particular scenario: I bought my ...

Hi Everyone -I've been calculating ARV for quite some time and wanted to get the community's perspective on it. Specifically:If you don't find true comps (similar house with similar beds, bath, SF etc. etc.) do you st...

I'm writing this post to get everyones opinions on a deal I'm considering.All of my previous deals I have purchased were for cashflow. This deal I'm considering has minimal cashflow( 1K-2K a month) but has a high equi...

Had a tenant pay in full for the month (with late fee)Got a text and girl said her husband was only supposed to give me $50 less because they needed it for groceries this week.What they paid me is what they owed for t...

Hi, I want to run some numbers by you, and see if my purchase would make sense. I live in NYC so I`m trying to be creative with my approach. I will be managing this property on my own, and do fixes on my own. Here you...

Help is appreciated on my first wholesale contract. I put a property under contract with a 30 Day Option period. After we signed I could not find a buyer. (I offered about 20k too much) Seller wouldn’t go down. I file...

Does anyone who had claimed status as a Real Estate Professional with the IRS also have a full time job? I own 4 rental properties and I also work from home a medical supplies sales rep. I buy and manage the propertie...

I currently own my home in California and purchased our first rental property in Alabama a couple of months ago.
We are planning on leaving California in July of 2024 as the cost of leaving here is getting crazy and...