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3 December 2024 | 26 replies
Apart from ACH, which is free vs. a fee on other platforms, the software also keeps track of property analytics and can create a statement of cash flows (NOI/Net Income views also available) and has export functions to give your CPA come tax time.
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2 December 2024 | 4 replies
We did live in the house for 2 of the last 5 years, so we wouldn't have to pay capital gains tax.
30 November 2024 | 0 replies
I owe no back taxes and I am currently up to date on my mortgage.
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22 November 2024 | 12 replies
I was told by my tax person that I can only deduct a percentage and not the total cost of the remodel.Thank you
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1 December 2024 | 32 replies
without comparing property tax and maintenance costs the 1% rule is meaningless.
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30 November 2024 | 2 replies
Congratulate them—they now get to file two sets of tax returns and pay the associated taxes for each.Confirm all of this with a lawyer if it bothers you.
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3 December 2024 | 22 replies
I finally sold it for a small fraction of what I paid for it, but I was out from under the HOA fees and taxes which at about $1,700. per year, which is a sizeable sum for me, and as we know, these fees increase every year.Bottom line is, DO NOT purchase property there for an investment.
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2 December 2024 | 4 replies
What is the current tax on the property?
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2 December 2024 | 35 replies
The next neighborhood over (literally across the street) is pretty nice, but falls in a different township that has higher property tax, and then the next neighborhood (about a 4 min drive and 15 minute walk) is much lower end, and while fine class C-ish area, you can't push rents much, and the village has its own income tax, so you will pay 2% of your net to the village...But back to first comment: take 4-5 days and travel to each.
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21 November 2024 | 2 replies
You should know how you can contest your assessed value, especially if you are buying the property for below current assessment.You should understand if there are any tax abatements available today or in the future.There are real estate tax consultants in basically all major markets, or your real estate agent can likely help with some basic questions, as well.