Hello,I read these forums from time to time and have found them to be very helpful. I wanted to pose the following scenario to see if anyone has any thoughts, as I am always interested in hearing multiple angles. My w...
Take advantage of depreciation: Depreciation is a tax deduction that allows you to recover the cost of your investment property over its useful life. By taking advantage of this deduction, you can reduce your taxable ...
What are the advantages/disadvantages to buying outright vs carrying a mortgage. Are there savings related to closing costs, etc.?
I have found what I believe to be a good deal, but I'm worried about closing costs a...
Hey guys, I'm looking to do my first deal with a friend of mine. We are planning on going 50/50 on this deal to flip a single family property. Any help or tips on this first deal. We will have to get a loan to fund th...
Hello All,I am a buy and hold single family real estate investor. I am interested in obtaining my real estate license, and I was wondering if there were any disadvantages to doing so.I plan to purchase 3 homes over t...
How much tax savings can be expected with my first investment property? How can I do the calculations myself? I pay a lot in taxes in my W2 job, and would like to know how much can be offset.Does the math change signi...
Hello all,
As a new investor I would like to get some insight from the experienced real estate investors. So everyone who buys real estate whether its a filp or a rental knows the goal is to keep expenses as low as ...
Given the current situation, to make offers attractive some folks are considering full cash offers. Any idea what would be the rough closing cost advantage between full cash versus 25% down on a $300K property. I am a...
We own and self manage three rental properties. Two of them are in Kentucky and one in Florida. We would only plan to manage our own properties.Would there be any tax advantages to starting our own property management...