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START HERE 👋 (Introduce Yourself In the Comments)
Step 1: Meet the group! We're excited to have you here and can't wait to get to know you better. We all here to grow our investing journey. Please share any (or all) of the following: 1. Your full name 2. Where you're located 3. Any real estate experience you have 4. Why you joined (What do you hope to accomplish from it) 5. What is your real estate investing goal for 2026?
START HERE 👋 (Introduce Yourself In the Comments)
Our next project…
We have owned this house for about 3 years, and the renter finally moved out. We will be remodeling it completely and raising rents substantially! Here is our vision for it! We bought this house for $41,900. Something we did to save us cash in pocket…. When we bought the property, we actually increased the purchase price and had the seller pay for a new roof. That way we could throw it on top of a loan instead of paying for the roof cash out of pocket.
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Our next project…
1st Renovation Update: Exterior finished!!!
After many phone calls in order to find fair contractors, we have finally finished the exterior of our first remodel and couldn’t be more thrilled! Here are some before and after photos… Work: New roof New gutters New woodwork New windows New paint
1st Renovation Update: Exterior finished!!!
Tax Prep: A Quick Benefit To Owning Rentals
As an aspiring CPA, I thought it would be good to share one of the great benefits of real estate. If you own rental properties, you may be able to deduct passive losses against your earned W2 income—up to $25,000! Here's how: - If you actively participate and your adjusted gross income (AGI) is below $100,000, you can deduct passive losses from rental activities. - The deduction phases out between $100k and $150k (50 cents for each dollar over $100k), and you're required to own more than 10% of the property. If you want to take it further, you can use 26 CFR §1.469-9(g) to elect as a real estate professional. This election allows your real estate activities to not be treated as passive, potentially opening up even more deductions. To qualify: 1. More than 50% of your personal services across all trades/businesses must be in real estate. 2. You must perform 750+ hours in real estate activities where you materially participate. This strategy could save you significant money on taxes as you build your portfolio! [NOTE] You should consult a professional regarding this subject matter.
Picking The First BRRRR Exterior Color
My partner and I are deciding on what color we should make the exterior of our first remodel. We know that the exterior trim will be white. We have narrowed it down roughly to three different colors. If you have a favorite color for the exterior, or a specific brand that works well, please comment!
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Picking The First BRRRR Exterior Color
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