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31 January 2025 | 29 replies
He showed me what I needed to do step by step, of course this came with a fee.
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22 January 2025 | 10 replies
So all of the gain and depreciation recapture are initially still tax deferred.However, like Joe said, the down side is later when sold you lose the 1031 option. the client will pay tax on all gain and depreciation recaptured from before the 1031 also.
12 January 2025 | 10 replies
Hard money loans offer fast approval and don't risk personal assets but come with high-interest rates and fees, which can be tax-deductible as carrying costs.
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23 January 2025 | 4 replies
@Orlando Johnson- If you were going with 6% real estate agent fees the $12,500 number is incorrect.
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2 February 2025 | 6 replies
I have family in Houston, Dallas, and the Valley, I was networking with brokers in San Antonio, but the Taxes seem to be quite high as well in that State, although much favorable laws/regs on the landlord side.
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15 January 2025 | 18 replies
Not that I'm a proponent of borrowing just for a tax break, but the interest is a deductible expense.
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21 January 2025 | 2 replies
If you think ahead, you can minimize recapture with the right tax planning.So what is recapture?
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12 January 2025 | 7 replies
You must have the Business tax license & pay all the fees required.
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11 February 2025 | 30 replies
although we bought about 6 years ago or so for 270 put 100k into it so you can do the math no debt .. hoa 400 we pay utls. 200 or so.. so 600 a month out of the 3500.. tax's about 1500 a year ( got to love Vegas taxs ) value today right at 600k.. so lets say we net about 33k a year on 370k cash .. so not bad little under 10% COC with an outstanding tenant one of the best I have ever had.PS given tenant quality we manage ourselves..
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22 January 2025 | 4 replies
Be sure to hold a hefty reserve to handle on-going maintenance, capex, taxes, and insurance.