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30 December 2024 | 12 replies
You can go the one property route but I think doing an agreement period is much more motivating for the agent (and will save you time, hassle, etc)
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24 December 2024 | 14 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend looking for a accountant willing to work with you throughout the year.
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31 December 2024 | 3 replies
Each property is different, however an engineered cost segregation study typically takes about 4-6 weeks to complete in order to ensure a quality cost segregation study.HOW MUCH MONEY CAN A COST SEGREGATION STUDY SAVE ME?
24 December 2024 | 2 replies
Quote from @Account Closed: I would say.. can you save the tub and re-glaze and redo the tile on the wall can save you $1,000 or more just on materials and labor..
31 December 2024 | 15 replies
Work on getting a down payment saved up while managing your townhomes.
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23 December 2024 | 20 replies
We have become good savers and save about 55% of our total income.
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30 December 2024 | 103 replies
Some of the cash we saved HH over 5 years is fuel for our next rental purchase. 4-6 unit in Bergen county (maybe in Passaic county but class B is a must), $1m to $1.5m purchase price.
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27 December 2024 | 3 replies
Eliminate debt, establish a budget, and save.
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13 December 2024 | 7 replies
If the rate is reasonable then it may make sense to try to save fast to get to the 3.5% down payment on a double or triple - househacking may allow you to increase your savings rate and pay down that loan even faster.As for estimating costs, closing in NY factor at least 1% of the mortgage amount for tax, plus $1500-2000 for lawyer, title and fees, then the amount required by the bank for escrow will depend on the actual property taxes and insurance.
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27 December 2024 | 7 replies
They typically take a portion of whatever they save you as their fee.