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19 December 2024 | 8 replies
I use Stessa for accounting, I love it, it links right to my bank account/credit card accounts and I can assign purchases to different properties and units of the property for multi-unit properties and at the end of the year I have a simple report to give my tax professional
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20 December 2024 | 10 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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20 December 2024 | 10 replies
Doing this (renting both entire house and single bedroom rental) allows us to be able to tap into 2 separate target audiences and accomodate those singer travelers, couples coming to the area that would normally scroll past our listing due to size/cost.
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22 December 2024 | 9 replies
Two of the units have their own W/D. 4 others share a separate W/D so it isn't taxed very much.
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17 December 2024 | 5 replies
Your also spending 4-5k a year in taxes on a 90k house.
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19 December 2024 | 6 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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17 December 2024 | 8 replies
It is therefore extremely important for you to know how to properly evaluate and choose a SAFE 1031 Exchange Qualified Intermediary for your 1031 Exchange transaction.You should always perform a careful and thorough due diligence review before making your final selection.
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18 December 2024 | 6 replies
Hopefully as the rates and the housing market loosens so will some of these guidelines in the HML programs. from talking to hard money funds especially those who operate in more than 10 states, and 5 years of experience with underwriting teams, I'd actually disagree and say new construction is preferred to rehab due to experience level to enter the market. there's BP lenders that will do 15% LTC with 1-2 new build experience.
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19 December 2024 | 6 replies
My third property I rented as a LTR due to exhaustion and time restraints.
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19 December 2024 | 4 replies
If you want more cash flow and want to walk away with more of the 80%, perhaps identify another market and do a 1031 exchange so as to not pay capital gains taxes.