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30 January 2025 | 48 replies
Prioritize quality locations.Keep healthy amount of reserves per property, hire a PM, and hire a tax friendly CPA(not planning just prep).
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20 January 2025 | 31 replies
I had to redo everything they did on my taxes.
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7 February 2025 | 3 replies
.; and capital to pay for options, marketing, legal counsel, accounting, tax advise, etc.
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7 February 2025 | 4 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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3 February 2025 | 5 replies
I have over a hundred rental units I own and operate in Utah everything from homes and condos to larger multifamily.Salt Lake County has higher property taxes and is basically built out already and Ogden even though you can find good opportunities in the long run it won't be able to compete with South Utah County or Eagle Mountain.
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5 February 2025 | 6 replies
I know that i could buy my next multi family property as a primary residence close by move in, rent half live in the other and than rent where i am now which would cash flow upwards of 1k monthly, or i could buy another multi as strictly an investment property out of state which would be a lot cheaper (taxes and cost of property) and a lot more landlord friendly laws than New York, i guess i’m just undecided on which route i want to take and I’m trying to weigh the pros and cons of each scenario.
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30 January 2025 | 2 replies
Some private lenders like the one I work with doesn't require appraisals on fix and flip/new construction loans and also doesn't require tax returns/W2s.
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26 January 2025 | 5 replies
My net number is rental income minus expenses(3 mortgages, paying power bill at all three houses, property tax, insurance, internet in two properties).
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23 January 2025 | 2 replies
There could be local considerations that are tax and inheritance related.Thanks for the reply Ken.
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3 February 2025 | 47 replies
Lots of depreciation you will pay no tax maybe even shield some W2 income.B. 8k maybe 10k if you pick the right guy to lend your money to in interest income you will be paying much higher tax rate on this income FYI no depreciation expense.