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3 January 2025 | 7 replies
If your goal is cash flow, then your best bet may be to live in it for 2 years, and then take that tax free gain (250k single person, 500k married) and buy elsewhere.
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20 December 2024 | 9 replies
They must be claiming it to be a primary.What can you do?
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8 January 2025 | 8 replies
And would this be considered "capital gains" since it's re-sold under 1-year therefore having to pay a large % of tax on the profit?
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2 January 2025 | 36 replies
Be aware of tax implications: rental income is taxed in the property’s state and reported on your California return, with deductions for travel, depreciation, and expenses.
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21 January 2025 | 27 replies
And, when you see your next tax bill, your heart will stop.
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30 December 2024 | 11 replies
Medford also just voted to increase property taxes which is another reason to act.
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30 December 2024 | 1 reply
Option 1 - NOI = Rent - (maintenance, vacancy, management, property tax, insurance)or Option 2NOI = Rent - (property tax, insurance)in both cases i assume DSCR = monthly payment/NOI
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23 January 2025 | 15 replies
This means we don't require paystubs or tax returns, and we don't consider your personal debt-to-income ratio.
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3 January 2025 | 12 replies
We both work in finance, so we’re pretty comfortable running the numbers.Our combined W2 income is ~$350K, and I work remotely with a very flexible schedule.We’ve saved over $200K across various assets (stocks, crypto, cash), and we live frugally, saving around $100K a year after taxes.
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28 January 2025 | 22 replies
Make sure your financial advisor understands real estate taxation, financial planning and tax planning.