Hi,I have several children related tax question. After consulting with my CPA, I am now confused. Here is my situation.My husband and I set up a rental LLC several years ago. The same CPA told us since only my husband...
My tenant is about to hit the end of my 1 year lease. Great tenant that has paid on time until she lost her job 6 months into the lease. I gave her 2 months to recover from her financial loss. She was able to get help...
Has anyone quit their job after just one or two deals?
After the second one I have in mind, my net income will equal my W2.
Just curious. I am tempted. (I posted this in the STR discussion because I doubt this has...
Perhaps this isn't the right place to ask this, but in the most innocent way possible I am curious as to how people who have quit their jobs in order to pursue investing as a full time gig make money. Basically anythi...
Hey BiggerPockets family I have a huge question I hope it makes sense hypothetically speaking let’s say I’m trying to wholesale a deal where the seller originally asking price $170,000 but I want to get the property...
I am a long time reader of biggerpockets but a new contributing member. This past August I bought my first property - an owner occupied duplex with an FHA loan. What I am struggling to understand is how the cost...
Thanks for clicking in here :)This is a sample analysis of a flooded property here in Houston. I want to make sure I'm getting my head around these deals in the right way. I've linked my BRRRR calculator output PDFs h...
Hey Everyone,I've been investing for years but in stocks and now I'm also trying to add real estate to that. I've watched and read several things to try and get a very general picture of what I should be looking for. ...
I’m looking to buy my first rental property. The man Inherited the house. He’s asking $25,000 for the house. The tax value on the house last year was $37,000. this year it’s down to $24,000. he went in and did some re...
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