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18 November 2024 | 14 replies
Prop tax alone will be ~12% of the rent.
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17 November 2024 | 8 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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16 November 2024 | 6 replies
actual mortgage, actual taxes, actual insurance, actual capex.with that said it will probably be closer to the 50% rule than using teeny tiny percentages for vacancy, repairs, capex, etc.
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16 November 2024 | 7 replies
Your personal financial situation (tax records/bank statements and personal financial net worth statement)3.
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15 November 2024 | 8 replies
@Alex Del Rio welcome and congrats on Real Estate Professional Status (REPS) this brings with it a lot of tax benefits that you didn't have access to before.
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14 November 2024 | 30 replies
Be sure to not invest purely for that tax incentives.
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15 November 2024 | 7 replies
I currently have 1 Business Bank Account that is for Master LLC and stuck on best way to manage cash flow and flow of funds between account for all master expenses related to my business setup vs and also expenses/ rent related to the properties to ensure that I keep things clean, simple and easy for reporting, taxes.
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15 November 2024 | 5 replies
That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.
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19 November 2024 | 11 replies
You will always have taxes and insurance and maintenance and capex anyway, so how much better will you sleep because you eliminated one of those expenses?
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16 November 2024 | 6 replies
@Drew SygitTHANK you so much for the feedbakcBased on the information provided, the seller’s reported expenses include annual electric, gas, water, sewer, real estate taxes, and insurance costs.