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4 February 2025 | 12 replies
If you think you can manage a mortgage, taxes, insurance and the upkeep of a home while paying your student loans then buying is not bad idea but if you think you will overstretch yourself renting is nto bad either.
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6 February 2025 | 58 replies
You can purchase a lot to build a home.
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19 January 2025 | 3 replies
Hello Trying to get back on the real estate investing space and build new connections that can help me to speed up the process.
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14 January 2025 | 28 replies
I'm talking about tax season!
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27 January 2025 | 7 replies
Quote from @Jeffrey Bourque: Hello All, I am new and this is my first attempt at purchasing a property with the intent to create monthly cash flow.The property: Triplex Listed at $140,000 - Total monthly rent income $2,150 - Tenants want to stay and are all willing to sign new leases for 3 years - 8 beds 5 baths and 3,500sqft livable space on a 4,800sqft lot - Heat and electric paid by tenants and water trash paid by owner $180 month - I have managed to talk the selling price down to $105,000 with a kick of $10,000 for closing and commissions so $115,000 all in - Building is in fairly good shape according to pictures and questions but have not done a inspection yet - some general maintenance repairs are needed according to the seller but nothing that seems to bother the tenants. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.
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1 February 2025 | 7 replies
Buildings and terrain around you?
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10 January 2025 | 2 replies
5 Tax Mitigation Strategies Every Real Estate Investor Should KnowAs a real estate investor, every dollar you save in taxes is another dollar you can reinvest into growing your portfolio.
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25 January 2025 | 15 replies
I'd also add to that that you are paying a 20% withholding tax on gross rental income.
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30 January 2025 | 62 replies
Billions in sales tax and other taxes sucked directly out of the economy.