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14 November 2024 | 22 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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11 November 2024 | 12 replies
Forget the VERY obvious (to the IRS) tax fraud.
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12 November 2024 | 7 replies
The main reason some investors put new STRs (short-term rentals) into service toward the end of the year is to take advantage of the tax benefits, especially if they have W-2 income they want to offset.
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14 November 2024 | 8 replies
Built-in accounting software, keeps track of everything better and helps for tax returns at the end of the year3. multiple payment options are usually available for residents4. maintenance requests all in one area, easier to keep track of and keep residents informed of the status5.
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14 November 2024 | 21 replies
Those that respond “$0” or something ridiculous, you can request income documentation from them to justify.Don’t be afraid to share with them how much your property taxes & Insurance increased and that YOU cannot afford to absorb them.ALWAYS get an increase or something of value annually when rents are increasing or tenants will start thinking they should never have an increase, making future increases that much more difficult to negotiate.
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13 November 2024 | 34 replies
Your income, tax returns, etc have no bearing.
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14 November 2024 | 25 replies
My first thought was sell to lock in your tax free cap gain.
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12 November 2024 | 3 replies
@Philip MurphyYou would need to have the taxes paid and payoff his mortgage for you to receive clear title and title insurance.All debts on the property must be satisfied to provide clear title
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11 November 2024 | 8 replies
You might still maintain your HYSA, but it could require tax filings depending on the country you move to and U.S.
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13 November 2024 | 4 replies
I would have saved few thousand dollars in inspection fees and appraisal fees if I had known that and I had a friend send me detailed videos.I'm not sure if this information is available in all counties but where I bought in the Indianapolis metro area, I can look up property tax records.