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Results (10,000+)
Marcus Robert Self Directed IRA or Other regarding 401k
5 December 2024 | 4 replies
Check with the plan administrator and use that verbiage.  2.  59.5 is when you can take distributions without penalty.  
Sam Dal Passive capital gains
16 December 2024 | 6 replies
Consult a tax advisor to optimize the use of passive losses and explore potential benefits from selling stocks.This post does not create a CPA-Client relationship.
Brad Pierce Property Management website recommendations?
19 December 2024 | 8 replies
I use Stessa for accounting, I love it, it links right to my bank account/credit card accounts and I can assign purchases to different properties and units of the property for multi-unit properties and at the end of the year I have a simple report to give my tax professional 
Julio Gonzalez Streamlining Multiple Real Estate Services
4 December 2024 | 0 replies
Real estate investors often find themselves working with many providers between insurance, financing, property management, tax preparation and strategies, etc.
Joshua Land Converting duplex to assisted living facility how to
18 December 2024 | 2 replies
This was a few years ago, but at that time as I recall they were looking to do more long-term property leases over owning properties and doing pretty landlord friendly leases where they would do repairs and even pay property taxes
Justin Jefferson Can someone guide me through the first step of analysis
22 December 2024 | 8 replies
Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.
Daryn Gardner Mobile Home Removal Services
16 December 2024 | 3 replies
Quote from @Daryn Gardner: I recently purchased a tax deed property.
Sanjay Singh Thoughts about Indianapolis
16 December 2024 | 11 replies
Great tenant but property tax increases have reduced my cash flow.
Gigi Toscano Networking and Greetings
19 December 2024 | 6 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
Robin Lee Eviction Reason in CT
16 December 2024 | 4 replies
I purchased the property at a tax auction.