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31 January 2025 | 21 replies
Also, you will have additional occupancy tax depending whether you are in the city limits or not.
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19 January 2025 | 7 replies
Tax and Legal ConsiderationsUnderstand the tax implications and legal responsibilities associated with rental income.
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30 January 2025 | 7 replies
Some homes even come with tax breaks or city funding to help cover the costs.
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19 January 2025 | 6 replies
However , properties taxes are due like roughly 12k for the two lots.
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27 January 2025 | 1 reply
Generally speaking, with SFR or small multis, I just rely on the lease/rent roll (and some form of proof of payment; i.e. bank statements, deposit receipts, tax returns, etc.).
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24 January 2025 | 0 replies
Hi Everyone,I am a professional wholesaler and property locator, I locate property on/off market, do a full due diligence on title, encumbrances, taxes ect...
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28 January 2025 | 6 replies
If you are taking out a conventional mortgage of any kind, you can't buy in the LLC as it does not have two years of tax returns.You are also asking if an entire state is good to buy multifamily, which means you are too soon in the process to even talk about buying.
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17 January 2025 | 11 replies
This will also allow you to avoid taxes on the sale.
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20 January 2025 | 22 replies
Positives are proximity, low property taxes, no income taxes, no weather events, very low maintenance stucco/tile structures, “young” properties (5-20 years old)
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24 January 2025 | 11 replies
However, before you do so you should ensure that your revenue from rental income covers ALL your property expenses in the townhome, including mortgage, taxes, insurance, maintenance/repairs, vacancy, property management, etc...