
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 | 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).

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 | 15 replies
Credit is a factor as bad credit may limit options, or may have the lender require you to put 10 or 20 years of taxes and insurance into escrow.

19 January 2025 | 14 replies
For example, you could create a weighted structure where a percentage of profits is based on cash contributions, and another portion compensates for rehab or management efforts.Rent Payments and Tax-Free Profits:If you structure it as an owner-occupied property, the rent you pay could be shared proportionally, but tax-free gains on resale may only apply to your share, as you’d be the owner-occupant.

10 February 2025 | 16 replies
I paid tax on it and mowed it about every 5 years so maybe put 10k into over the years.. deductive reasoning suggested city does not build and full blown interchange to go to nowhere.

7 January 2025 | 5 replies
That being said, lawyers aren't lenders, but they sometimes think they know everything.

23 January 2025 | 4 replies
Weigh the long-term benefits of the low mortgage rate you have versus selling and getting $500k from a sale exempt from capital gains tax.

20 January 2025 | 6 replies
An annual business tax as a hotel of $50 and collection and remittance of transient occupancy tax of 12% from renters is required of all short-term vacation rental operators.

16 January 2025 | 18 replies
Someone can be a brilliant tax person but horrible to work with, and also vice versa.