
25 July 2024 | 14 replies
I cross checked this year return before purchasing my 4th unit with turbo tax and i was not far in my calculation which the CPA did.

24 July 2024 | 7 replies
To be honest with you even in the 3% rate environment 3-4 Fam was tough because of the way self sufficiency is calculated and NYC/NJ price points. 2 Family will certainly open up a lot more options.

23 July 2024 | 2 replies
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20 July 2024 | 3 replies
A lot of the online calculators will automatically input 5% for both capex and maintenance and then you can usually edit it if you use a different number.

23 July 2024 | 13 replies
If they report to the credit bureaus it will affect your DTI as your DTI is calculated based on what's on your credit report compared to your income.
24 July 2024 | 6 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

23 July 2024 | 51 replies
But you need to really understand how to run your numbers, your cities property tax rules and how to calculate true future taxes (I see a lot of folks fail here), etc.

23 July 2024 | 4 replies
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22 July 2024 | 10 replies
But the 2 of 5 rule for excluding up to $500,000 in taxable gains might (we don't know how long you have owned it.)We also don't know your equity position in the property, or how much you are thinking to taking out of it.

24 July 2024 | 9 replies
Know the risks, make calculated decisions, and if you ever hear "fast, easy, and no money required" be VERY CAUTIOUS.