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19 December 2024 | 5 replies
To add to your excellent points, it’s also important to consider the tax implications of a 401k loan.
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18 December 2024 | 24 replies
We don't have the Midwest weather, high property tax, old homes, high insurance, high maintenance, or state income tax.
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16 December 2024 | 3 replies
If you don't want the property any more a 1031 is probably your best bet, unless it's got a huge capital gains capture in which case you could just take your tax lumps and collect your funds.
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13 December 2024 | 5 replies
Why another for taxes?
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15 December 2024 | 25 replies
But for anyone who just has rental properties that they report on a 1040 tax return (not in a partnership), I would suggest considering rental property management software rather than general accounting software.
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15 December 2024 | 6 replies
Here are title cost numbers from my last deal in Lake Oswego ($625k sales price):Title agent fee: $1100Owner's title policy: $1425Recording fee: $350MERS: $25There may be transfer taxes depending on what county the property is in, as well.Chris
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13 December 2024 | 7 replies
That’s the key benefit.As for the cost segregation study, whether or not it makes sense really depends on your tax situation.
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15 December 2024 | 7 replies
Your accountant will need to know this as there is tax implications.
13 December 2024 | 15 replies
Any taxes or other issues that I may run into down the line?
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17 December 2024 | 3 replies
They are farily easy and do nto require much to get started and the Max LTV is going to be 75% but I have seen some exceptions to 80%.Rates are subject to a few thing like loan amount, property type, number of units, credit score and downpayment.DSCR allows you to purchase with No employment and No tax returns so its a little easier.