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9 February 2025 | 2 replies
Quote from @Stuart Udis: @Robert Ellis In order for the QOZ investor to reap the tax benefits the hold period has to be longer.
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12 February 2025 | 12 replies
@Kelly Taylor who doesn’t like tax free atm withdrawals?
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22 February 2025 | 0 replies
.- If I pay property taxes online (let's say with a credit card), will my name show up as the payor or will the trust/trustee's?
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5 February 2025 | 10 replies
About 90k that will be taxed at 40% if I take it now.
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8 February 2025 | 9 replies
WE do both give me a call and I can explain but depends on where the tax advantage is
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20 February 2025 | 5 replies
I have created a lot of loss in my taxes over the last few years and now want to get a mortgage for a new primary home.
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4 February 2025 | 13 replies
This allows you to report the rental income and expenses directly on Schedule E of your joint tax return, simplifying your tax filing process.
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15 February 2025 | 2 replies
I highly recommend you study this, practice it, and apply it.https://www.biggerpockets.com/blog/rental-property-cash-flow...Property Details:Type: Single-family homePurchase Price: $289,900Down Payment: 20% ($57,980)Loan Amount: $231,920Interest Rate: 6.85%Loan Term: 30 yearsMonthly Mortgage Payment:Using a mortgage calculator, your principal and interest will cost $1,515 per monthRental Income:Average Rent for Single-Family Home: $2,171 per monthOperating Expenses:Property Taxes: $300 per monthInsurance: $100 per monthMaintenance and Repairs: Budgeting 5% of rental income ($109 per month)Vacancy Rate: Assuming 5% vacancy ($109 per month)Property Management Fees: If outsourced, typically 10% of rental income ($217 per month)Total Monthly Expenses:Operating Expenses: $835Mortgage Payment: $1,515Total Expenses: $2,350Net Monthly Cash Flow:Rental Income: $2,171Total Expenses: $2,350Net Cash Flow: -$179 per monthConclusion:In this scenario, the rental income of $2,171 per month does not fully cover the total monthly expenses of $2,350, resulting in a negative cash flow of $179.
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16 February 2025 | 26 replies
The taxes are higher, the properties are older, however we account for those issues.
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10 February 2025 | 27 replies
Is taxes going to be higher today or higher in the future?