I am wondering how many of the full time REI's on here use the primary residence Section 121 exclusion on repeat. More specifically, all of you out there with families.I am thinking it may be tough to constantly mov...
Per Indopco, capitalization is the norm, while deductions are the exception.In other words, instead of asking do I have to capitalize this, ask, what Code section provides an exception to capitalization.One such metho...
First and foremost, I'm only 22 years of age, and a college student with less than a grand of paycheck each month.. After attending one of Robert Kiyosaki's free workshop, I was enthusiastic about wholesaling.. A few ...
My wife and I (with our new 2 month old child) just purchased a home and are torn on what to do with our 2 bed 1 bath condo.Our new mortgage starts around $2200/mo due to a 2-1 buydown on the interest rate we were abl...
I am planning on buying a 4 unit complex for 200k using a fha 3.5% loan. Live in one and rent out the rest. Is it possible for me to depreciate the 3 units with cost segregation to get a big tax deduction.
TLDR can I...
Hello there! I drove past a duplex that was for sale. The roof looked to have darker spots on portions of the roof but the description says "newer roof" etc.. It just looks like worn spots on the roof to me from a dis...
One of the properties my company owns in Butler, PA it is a 9 story high rise with 11 units per floor. Last month a gentleman moved in and his excessive smoking leaks into the hallways and into others apartments. We h...
Here's the dilemma, my grandfather was a self-made millionaire, not a big-time millionaire, but probably a net worth of a 7-10million. He always told me, "never do business with anyone but yourself." He said that if y...
Hi everyone!! Thank you for reading! (also posted in STR forum)
A little about me:
I've saved money for years to buy my first prop and will short term rent/Airbnb. My budget is around $500-700K. I'm preapproved up...
Hello BP family,
I'm a recent grad (<2 years) and have been working since graduation (corporate job). I have been educating myself as much as I can financially, and real estate seems like a really good potential i...