Anshuman Thakur
Nevada multi-family investing thoughts?
2 January 2025 | 4 replies
@Anshuman ThakurThere are some very good advantages to investing in Nevada, low property taxes, no income tax, and landlord friendly.
Angel Mora
Evernest Property Management
29 January 2025 | 25 replies
There are also some tax advantages to self-managing.
Becca F.
Questions for Ohio agents/investors and Class A, B, C in your markets
12 January 2025 | 25 replies
This in a neighborhood that is slowly appreciating, some renovated homes mixed in with older homes, but is street by street:Purchase price: $130,00001% rule: meets about 0.88% Down payment 20% and closing costs: $29,493Rate: 6.99% conventional 30 yearMonthly payment PITI: $1009 (was $859 until property taxes increased recently) Current rent $1200 (increased from $1150)Property management fee 10%: $120 (was $115) Net cash flow (if no repairs called in): $71 (was $176)Net rental income most months: $170 (first month rent), $935, $922, $1035 (full month rent minus PM fee) $567, $760, $307, $963, $1035 (full month ), $535, $925, $1035 (full month but now property taxes increased), $585.
Mark Beekman
Where can my LLC get a HELOC?
9 January 2025 | 15 replies
Legitimate, in this case, means that the entity is part of an overall business investment strategy whereby you have a business plan, tax returns, and the funds you seek are for further business expansion.If, however, the LLC is a stand alone entity, is not profitable, or is not legitimate, then your probably better off putting into your personal name and securing funding that way, or still talking to local or regional banks to see if they have any loan programs available where you might be able to secure financing.
Spencer Cornelia
$50k Loss on First Two Flips | Out of State Investing Gone Wrong
19 January 2025 | 9 replies
When that portion was complete, I could then receive draw money which allowed me to pay my utilities, taxes, and mortgages.
Julio Gonzalez
Cost Segregation FAQ
31 December 2024 | 3 replies
Do they include energy tax benefits within their study?
Tyler Kesling
Funding Your First Deal
7 January 2025 | 16 replies
If you were financing a property that netted $300 after principle, interest, taxes, and insurance (PITI), and say your rent was $1,200 a month.
Sean Michael
Making Sense of San Diego Real Estate (Renting and Investing vs Buying)
5 January 2025 | 12 replies
Note if monthly rent is 0.5% purchase ratio, the property tax will be ~20% of the rent.
Bob Asad
How do you prevent co-mingling of funds?
7 January 2025 | 24 replies
Taxes are private, 1099 are private.