
27 December 2024 | 4 replies
I wanted to share the numbers and want to make sense if it's a good deal for us according to what we are looking for.Price: $450k (agent said that we can get it down to $420k)2 Units (1 bedroom in each unit)Mortgage with 3 year fixed comes up to around $2.3kInsurance and tax is roughly $400Rent per unit is $1.4k so if we move out then total rent comes up to $2.8kThere's a detached ADU (garage) that can give us another $100-$150 if we rent it for storage and there's a scope of converting it into another unit later on.So currently rough calculation says that it can cashflow up to $300 per month.

24 December 2024 | 2 replies
If you don’t pay the tax when you transfer the stock to them they’re going to owe the taxes on your gain and you haven’t really “paid them back”.

2 January 2025 | 30 replies
Have you seen the post that I was asking about Lamborghini to write off my Airbnb tax?

25 December 2024 | 60 replies
Don't forget about your property taxes going up to account for that ADU.

26 December 2024 | 7 replies
Regulation will say you have to be registered and pay hotel occupancy taxes, but your unit may not qualify for registration.

27 December 2024 | 20 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.

31 December 2024 | 20 replies
The cost of labor , materials , property taxes , inflation , interest rates etc .

2 January 2025 | 21 replies
Or maybe it was just some tax identification number, I don't remember clearly.

23 December 2024 | 5 replies
That’s $30k in taxes.

23 December 2024 | 3 replies
LLC without S-Corp status will not give you any more tax advantages.