
23 January 2025 | 10 replies
This allows us to close extremely quickly, which is an important competitive advantage.I don’t know how to read our own tax returns, and I’m certainly not going to read yours.

29 January 2025 | 23 replies
Another downside is you loose on the advantages, of the Federal Tax Code, by not closing in the name of a LLC (you can elect to have a LLC taxed, as a S Corporation which is a whole other conversation).If you want to close in the name of a LLC, Mortgage Lenders will offer you Commercial Loan Terms (25-30% down, a 15-25 year amortization, and a ballon due in 5-7 years).

18 January 2025 | 1 reply
With an 8% mortgage rate, they would pay more than $650k in interest.One major problem for both buyers and owners beyond mortgage rates is the rising cost of property tax and insurance.

19 January 2025 | 10 replies
Whichever loan that you decide to use, the interest will be tax deductible due to interest tracing rules.

19 January 2025 | 13 replies
It links to our business bank account and our business credit card so come tax time, deductions should be easier.

20 January 2025 | 0 replies
The property was rented and generated $160 cash flow after mortgage, taxes, insurance and property management fees were paid.

19 January 2025 | 61 replies
Most of my renters are nurses, engineers, and tax payer funded employees (Government workers).

19 January 2025 | 18 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

28 January 2025 | 14 replies
Can provide all the benefits from a cash flow and tax perspective.

28 January 2025 | 14 replies
Worse case I just continue to manufacture them through my fix-n-flip business and buy with seller financing where available.Also, is tax lien investing really viable today?