The best investment advice I can give to newer investors can be boiled down to one item: PREPARE. One can hardly pull the trigger with any confidence if you don’t know your market well. Without this knowledge, you w...

Has anybody developed a detailed list of repair/improvement items which is segregated to keep under the $500 radar?  If you don't know what I'm talking about and your a landlord I strongly suggest you find out. 

May 2023REAL ESTATE NEWSBrought to you by Brian Nostrant.Five Ways to Build Home EquityWhether you currently own a home or are thinking of purchasing one, you may be looking for ways to build equity. Home equity is th...

Hello all: I am curious how your CPA or tax preparer handles these items.Had a conversation with a tax preparer yesterday about replacing a front door. He states he expenses the item that year rather than depreciate i...

I'm preparing to open an LLC so that I can dive into REI.  As part of this preparation, I am meeting with local CPAs to introduce myself and interview them for a potential fit for assisting me with tax related items. ...

Tim posted an intriguing thread on food storage and there were great posts on differing points of view and things needed. If we get into a really bad situation,pre-apocalypse, there are some other things neccessary.
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Location - Spring, TX
Built in 1977, 3/2, approx 1500 sqft
Contract Price - $120k
Locked-in Mortgage Rate - 3.5%, 20% down (no points)
Total Monthly Rent - $1450
- Comes with Section 8 Tenant (Mom & 3 kids)
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The vision of a freshly updated home is so seductive, it's easy to forget that the project will most likely come with aggravating delays and unexpected issues. Think about it. When was the last time you heard about a ...

My DST sponser made a mistake on the expense amount (off by a factor of 8!) on my Schedule E from 2017 and this year corrected it by adding the missing expense to the 2018 Schedule E.  The amount is not trivial and ca...

Hi BP,I received a letter from the IRS that I been selected to be audited. I am not sure what my first steps should be and what this process will be like. Could someone help share their experience with me and what I s...