Melanie Baldridge
My opinion: 401K VS RE
22 January 2025 | 8 replies
Tax-Free Exchanges: While 1031 exchanges aren't available to SDIRAs, the tax deferral within the account means you can sell property and reinvest proceeds into new opportunities without immediate tax consequences.
Jason Munns
Canadian Lender Finder?
2 February 2025 | 6 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).
Tony Thomas
Buying Down Points
10 February 2025 | 9 replies
Sometimes hard to find this happy medium in rate sheets, though.Another consideration would be taxes - points are typically treated as interest, so if your tax obligations are high this year vs being higher in the future, then this could also impact buying down now vs paying a little more in interest in future years.
Palak Patel
New Landlord: How to Screen Tenants & Attract More Applications
12 February 2025 | 2 replies
Also check and verify income (and proof of with paystubs and/or tax returns), verify rental references etcYou will want to have a minimum requirement for approval (such as credit score, income etc) and state that in your advertisements.Good luck!
Kwanza P.
NorCal New Kid
26 January 2025 | 2 replies
STR seems to have better tax benefits (in the right market) but is it worth it at a distance ???
Franklin Perez
Primary Home to Rental
30 January 2025 | 4 replies
From a tax perspective, you'll want to take what you paid for the property plus calculate the improvements you made to the property during your time of ownership.
Greg P.
Getting Started. How & What would you do with $750k? Suggestions?
8 February 2025 | 49 replies
Prioritize quality locations.Keep healthy amount of reserves per property, hire a PM, and hire a tax friendly CPA(not planning just prep).
Robert B Azimi
Mills Act ramifications
6 February 2025 | 1 reply
The property tax savings are going to be in the ball park of 40-60%, but to be safe you should double your expected repairs budget when calculating the NOI.If you have any other questions, or want a more in-depth response, I would love to help!
Stacie Telles
Refinance on Investment Property
3 February 2025 | 12 replies
At least now your tax basis is $220k ;-) What was the extent of the repairs?
Kaleb Johnson
Best Area For Starting Out
8 February 2025 | 42 replies
Taxes, costs, eviction complexity, etc are going to be a much bigger factor in your success than anything else.