
9 December 2024 | 6 replies
If you only plan on owning 2-4 properties, then there's really no harm in self-funding them unless you know a better, safer way to make more than the going interest rate on that money (most investment mortgages right now are about 7%, maybe effectively 5.5-6% after taxes depending on your brackets and tax structure).

10 December 2024 | 14 replies
It’s easy to find tenants, population/jobs are increasing, and property taxes/insurance aren’t skyrocketing.

9 December 2024 | 15 replies
While cashing out more equity might seem appealing, it will result in a lower cash-on-cash return due to the higher rate and LTV.

6 December 2024 | 10 replies
I don't believe your mileage or due diligence expenses on other properties can be deducted since you did not have a business yet or any properties in service.

2 December 2024 | 11 replies
You make this election when filing your federal income tax return.

9 December 2024 | 2 replies
Indicative price around $1.1M, which would be a loss, with tax around 2% potentially 20k/year.

7 December 2024 | 4 replies
Since you have lived in the property for two out of the previous five years you could take the first $500k of the gain tax free (as a married couple).

8 December 2024 | 14 replies
It's not due to pricing, it's due to seller stubbornness and agent gatekeeping.

5 December 2024 | 22 replies
It is a tough buy and hole RE market everywhere but markets like San Francisco are particularly challenging in the short term due to the poor cash flow (negative cash flow).

7 December 2024 | 6 replies
For properties that are listed for auction and have no appraised value, these are tax lien auctions.