My wife and I have decided to go full steam ahead with building out rental portfolio. We are currently closing on our second property under our newly formed LLC. With tax season fast approaching, we are wondering if w...
Hello all,To take some cash out of my proceeds at closing would be very helpful in paying off some debts. This is a 1031 Exchange.Is it possible to take $10k and pay the tax due on that amount?
Hi, I'm new to real estate investment. I recently purchased a 2 unit home in southern Maine. I couldn't be more excited about the purchase. I moved in Jan 1st but I realisticaly won't be getting a tenant in the other ...
I just purchased my primary residence in a new city with cash ($350k) and have another $250k sitting in cash.Should I buy our first rental unit(s) with cash (after reserving 6-8 months living expenses)? As context, we...
Hey guys, how do I calculate real estate taxes on properties in Texas? For instance, if it’s an investment property, are the yearly real estate taxes 2% of the purchase price? Thank you.
I've read in a couple of places that persons who have "made it", strongly recommend giving back. They have said that by giving money away, it has come back to them many times over. I haven't read any specific example...
I have been receiving some calls recently from owners who would like to sell their homes, but owe more than their houses are worth. Is there any strategy to help these people and make a profit at the same time? Would...
Prices are just so expensive here that nothing really seems to make sense for me to buy. You’d be lucky if you break even in terms of cash flow and cap rates are just above what my online CDs are giving me. I want a d...
I was wondering if you guys include principal deduction as part of the cash on cash return calculations. I mean the equity is yours and will be able to cash out upon sale.
Got my first tenant. He was in a rush to get away from living with a alcoholic brother. He is soon gaining peace of mind.:) broke over a half dozen clauses in my lease currently by moving in. This is low income ar...