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19 December 2024 | 8 replies
Don't forget your taxes on a sale!
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19 December 2024 | 4 replies
If you want more cash flow and want to walk away with more of the 80%, perhaps identify another market and do a 1031 exchange so as to not pay capital gains taxes.
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20 December 2024 | 10 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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17 December 2024 | 9 replies
I want to escrow taxes insurance and sewer.
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17 December 2024 | 4 replies
@Shawn Smith we've got several clients from Toronto and also Vancouver.So, we've got referrals for experienced tax attorneys, CPA's, etc. for Canadians and foreigner investors in general.What are you purchase criteria?
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18 December 2024 | 4 replies
Likely it is just a quit claim deed to your new name, however, also note that some states (ie MI - requires another form to be filled out and it changes our taxes - or can change them....).Get the help you need to make sure it is done right without costing you extra down the road.
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18 December 2024 | 26 replies
By scrolling down, I can usually find the property taxes for previous years, giving me a rough estimate of those costs.
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16 December 2024 | 1 reply
In each category, note how much you are bothered or stressed on a 1 to 5 scale, with 1 = not bothered at all and 5 = stressed out: Pain Points Stress1 to 5 Pain Points Stress1 to 5 Unit turnover Exterior maintenance Advertising for available units Deferred capital expenditures Tenant screening rules Plumbing or electrical emergencies Tenant selection / discrimination rules Mortgage payments Documenting move-in conditions Bookkeeping and bill paying Documenting ongoing conditions Taxes and insurance premiums Dealing with tenant complaints Risk of late payments or non-payments Dealing with neighbor complaints Risk of property damage or vandalism Mold, termites and rodents Premises liability Interior maintenance Evicting tenants If your completed table has mostly 1s and 2s, then congratulations—you are a happy landlord!
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18 December 2024 | 13 replies
Multifamily offers steady income, scalability, and tax advantages, though it requires more upfront capital and management skills.
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16 December 2024 | 19 replies
Basically all rentals, even ones owned under LLC, come up during loan DD as long as you file them under one tax return as personal, that was what happened to me earlier.