
22 October 2024 | 4 replies
Therefore if you purchase in say September, your current years tax bill will be based on the current years value which may be even lower than what you can achieve with the exemption and on investments the value will be updated according to your ATI and will not be reassessed by the county for five years as well as once it is, the increase is capped to a 15% increase in value which is not common and can be appealed which is less often than many other states.Yes, the effective tax rate comes out to a difference of say 0.5% on personal residence to 3.0% on investments, but I would say handling it the right way up front and budgeting for it in your analysis is better than risking it another way.

22 October 2024 | 17 replies
So if you want to increase your equity in the market overall by owning more units (ones where you can increase rents annually), I'd consider buying more if you even have the chance to.

22 October 2024 | 3 replies
There are pros / cons of whatever way you go about it plus a lot of unknowns.If your dad owns the place and it appreciates a lot and he decides to sell it, the gain can potentially be tax free which you wouldn't have the option for if it was a rental.I personally wouldn't do business with family.What if you own it and he rents it from you and you both have a disagreement on rent increases?

22 October 2024 | 8 replies
I’ll do my best to address your questions:1.Why Do Taxes Increase When Moving an Item from Bonus Depreciation to an Expense on Schedule E?

21 October 2024 | 1 reply
YoY is up 6%.Rentals - Availability by MonthThe number of homes for rent remained flat MoM.Rentals - Median Time to RentThe median time to rent increased Month over Month from 22 days in August to 27 days in September.

22 October 2024 | 18 replies
Quote from @Melanie Baldridge: It's really simple: increase earnings, reduce expenses, save, invest, and wait.

23 October 2024 | 11 replies
We have had instances in Texas, where the taxes outpaced any rent increase.

24 October 2024 | 6 replies
So, in no particular order here are thee of the strategies/techniques I have personally utilized at one time or another to “supercharge” increase in my net worth.1.

21 October 2024 | 2 replies
Curious if investors are seeing an increase in demand in the Hampton Roads area.

21 October 2024 | 10 replies
I would like to increase the rent if possible and I'm curious how others have handled this negotiation.