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27 January 2025 | 25 replies
To transition to multi-family properties, research landlord-friendly states like Texas, Florida, Tennessee, and Indiana with favorable eviction laws, lower taxes, and higher rental demand.
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26 January 2025 | 16 replies
Overall, the tax benefits and appreciation alone keep me interested in staying with it more than the cash flow itself.
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3 February 2025 | 26 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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27 January 2025 | 9 replies
It is DSCR based and no personal tax returns are required to qualify.
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8 February 2025 | 14 replies
Texas is definitely a strong market, but keep in mind that high property taxes can eat into your cash flow.
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19 January 2025 | 9 replies
It would/could be only 15% capital gains tax and yes you could/would deduct all selling costs including commissions and transfer taxes.
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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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22 January 2025 | 7 replies
Without an ITIN/SSN, I'd be worried about running into KYC/AML violations, fed tax liens, the borrower being deported, lien enforcement, etc.
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21 January 2025 | 10 replies
If your not ready to spend money on a software you can use tax records.