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6 January 2025 | 10 replies
@Helena Goyvaerts it will be tough without 2+ years of USA tax returns showing you are profitable.Higher interest rates have negatively affected most lenders and many of them are getting more aggressive with offering more flexible programs.
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20 January 2025 | 23 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
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13 January 2025 | 3 replies
Hi Ricky,Being in operation for 10 years with mid seven figures of assets and NNN leases,it would be wise to speak with your tax advisor regarding if the tax set up should be an LLC, an S-Corp or a C-Corp.It would also be wise to speak with an asset protection attorney to find out if this is something that might be beneficial to you in that area.
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18 January 2025 | 10 replies
You are looking at the rent of $2,000 and mortgage (Loan, Insurance, and Taxes) of $18000 and thinking you have $200 cash-flow.
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12 January 2025 | 28 replies
This might make sense, but again, you are just deferring the taxes and now pushing tax from capital gains to ordinary income.
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17 January 2025 | 21 replies
Summit county (Akron) has a much lower sales tax rate (6.75%) than Cleveland (Cuyahoga at 8%).The MLS in Akron shows homes at similar if not cheaper homes but for a good reason.
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16 January 2025 | 10 replies
Technically it would be best to get a C Corporate or S Corp. to flip properties and since you are considered a dealer if you do several properties a year and this could have negative tax consequences in an LLC.
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31 December 2024 | 6 replies
@Armell MayersBigger Pockets is a great place to find a real estate tax accountant.
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4 January 2025 | 4 replies
Are there any options for lower down payment loans in general or even for college students?
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18 January 2025 | 6 replies
Consider using an FHA loan to secure a 1–4 unit property with just 3.5% down and take advantage of tax benefits by living there for at least two years.