If your bottom line numbers on tax returns and W2 income are not strong however, this will be an abrupt dead end.

At the same time, someone else reduces your debt, and you get to use the tax code to improve your tax situation legally.  

I have a Youtube link in my profile with some tips and would be happy to have a call sometime to discuss your wants and needs out of an investment property.

📱 Insider tips and tricks on using the highest-rated app for real estate investors to discover hidden gems.Proof It Works:Participants from past campaigns have uncovered deals they never thought possible, often within just days of implementing these strategies.

If you own them free and clear you will likely only pay for title and transfer tax on the market value of the property if you want them to be under LLC. 

. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.

I've wanted to know some tips you guys have on wholesaling and starting young and what I should know before I start.Important question: How can I calculate or give an educated guess on a property's repair cost on zillow 

For example, what is the monthly revenue for the property and what are the "All In" expenses, including mortgage, taxes, insurance, utilities, repairs, etc...

No problem.. what I did with my ridgeland and Madison rentals and I had bought 12 new builds for the Gozone tax bene's post Katrina..

NY can work but watch for high taxes and regulations.For $10K–$35K properties, expect heavy rehab and limited financing options.