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21 January 2025 | 11 replies
I don't foresee Texas implementing a similar law, but I'd be interested to know how this change has affected others.Side note: It's not the Section 8 tenants that I'm avoiding, it's the government bureaucracy that comes with it.I believe the majority of the US population lives in states with the same law.How do we navigate it in those states?
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9 February 2025 | 173 replies
Lots of bad reasons.Full disclosure - I give advice all the time to avoid companies that require you to close with cash.
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29 January 2025 | 7 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).
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29 January 2025 | 7 replies
I have a followup question - I will realize a lot of capital gain from this home in Idaho, so I think unless I purchase a new primary residence I will have to pay that capital gains tax.
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7 February 2025 | 7 replies
I've been buried with tax preparation and a couple projects, so BP moved from the back burner to completely off the stove!
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2 February 2025 | 2 replies
With that being said we tend to see a lot of CA buyers relocate here for the lower cost of living including lower home values, property taxes, insurance, no state income tax, gas prices etc.
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29 January 2025 | 31 replies
There's zero reason to do this when there are plenty of options to avoid it.
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3 February 2025 | 15 replies
What are true returns for comparison, before or after Income taxes?
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24 January 2025 | 42 replies
I assume they collect a proration every month for property tax?
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10 February 2025 | 7 replies
This would end up getting you some tax benefits and extra cash flow that could help you leverage that into another property...maybe a 1031 exchange.