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Anyone have recommendations on tax software for someone who receives a schedule K1? I currently have a CPA who does my taxes, but I would like to also do it myself...

Wow those look nice.  Ive tried to get quotes before from other contractors.  Never get a clear answer.  Let us know what you find.  I have been told to expect $300-350 a sq foot for a 2 story home using good to decent materials/upgrades. 

If you want credit for a prediction, why not give us something meaningful.  ANYONE could predict prices will "tick" up higher in any neighborhood in the future and have a 99% chance they will be right.  Give us a number or percentage and a date or period of time.  Otherwise this is a useless...

#hatershating

Its hard to say with the pictures, but im sure this car "fits" if he pulled all the way up to the garage with barely any space in front of the car.  The point was that its ridiculous that you have to park so specifically to leave little to no space between the car and garage in order to fit your...

I couldnt agree more.  You are not delusional, the people accepting these homes at these prices are delusional.  At 2.7M, you should have a driveway that comfortably fits four cars.  Sadly this driveway doesnt even fit one...

2.7M dollar home and you cant even fit your car on the drive way...  https://www.redfin.com/CA/Irvine/120-Quiet-Pl-92602/home/109216042

Most of you guys probably dont care but there are tons of fire retardant in most mattresses.  Scientists are finding out how dangerous this is. http://e360.yale.edu/feature/pbdes_are_flame_retardants_safe_growing_evidence_says_no/2446/

My colleague is a big options trader also.  Does really well also.  Ive been told its not as complicated as most think it to be...

Unfortunately many of us are not real estate investors.  I also think people need to consider the carrying costs of real estate as an investment.  Unless a house cash flows, it could be a drain on appreciation.  Again, speaking moreso of LA/OC real estate.  No costs to holding onto a stock for a...

I was thinking the same thing... however the typical investors never seem to buy stocks on margin, whereas in real estate it is done nearly 100% of the time.

I was 100% sure you would say "what about leverage and amortization".  Correct me if I am wrong, but when you calculate leverage into this factor, do you re-calculate returns as you pay money into the investment?  Unlike stocks, when you buy real estate with leverage, you are continually paying...

LOL  http://marketinsitenews.com/real-estate-guru-scam-works/

So in the past 4 years your yields are as follows below: S&P had 89% increase value, atlanta homes 54% increase in value and LA homes had 50% increase in value. Even if you consider tax benefits to owning property, it seems investments in S&P is the winner...

200K house = little less than 50K cash up front...

Exactly.  There are many scenarios that can play out, but as long as you cash flow, you have options.  If you dont cash flow then you really dont have options just like in the case of Dream16.  His only options right now is to sell.  fortunately for him, he may have had some appreciation.  Worst...

Sorry, it seemed like advertisement as cash flow since thats exactly what you said and the only thing you said.    Calculating rent versus purchase for ones personal residence is ENTIRELY different from looking at a rental investment.    So yes, you finally agree Irvine purchases will not...

There is a difference between renting a house to live in versus buying a rental investment.  Different things to consider.

Purchase price: 525K Down: 131,250 (25%) rate of 3.4% Rent: 3000/month Taxes: 6581/year insurance 720/year Estimated costs: vacancy: 1800/year (5%) maintenance: 1500/year Capex: left out (better for you to decide like the HVAC you mentioned) Assuming all of the above without consideration for...

Just out of curiosity, what are your reasons for thinking my calculations are conservative?  Just so I can run a clean calculation, what will be purchase price, % down payment, exact taxes, any initial rehab costs?