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7 February 2025 | 2 replies
There are tax benefits to running everything through an LLC, but again, seek advice from a tax professional.
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13 February 2025 | 9 replies
Florida has some strong rental areas, but things like insurance, taxes, and property management can vary a lot depending on the city.If you ever want to compare notes or chat about market trends, happy to share what I’ve seen!
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16 February 2025 | 4 replies
DSCR qualifies borrowers with rental income rather than personal income, so you don't need tax returns.
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10 February 2025 | 11 replies
. - The 13 unit I went in on has been almost 2 years and still hasn't had the framing inspection passed- All my taxes doubled on my rentals, so now my cash flow has plummeted. - I've had multiple vacancies, including one where the tenant left after a year and cost me $6k in turn costs.
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22 February 2025 | 5 replies
You'll get pretty good depreciation when it comes time to do the taxes.
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14 February 2025 | 9 replies
Plus, we haven't even talked about the tax deductibles, depreciation, and how the house hack has the potential to off-set your taxes, which is another aspect way of making cashflow (obvioulsy verify with a CPA).
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21 February 2025 | 14 replies
The other factor that's relevant for me is that my husband is a high end W-2 wage earner and we could greatly benefit from the potential tax benefits of actively managing the property.
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2 February 2025 | 2 replies
I'm looking for the cleanest & most visible way to access payment history, see amortization schedule, tax documents, etc- much like bank softwares provide.
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18 February 2025 | 4 replies
Their taxes and insurance may have doubled and they can't afford the house any more.I think geographic is tough because there just isn't typically the turnover any more in most areas.
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7 February 2025 | 2 replies
I bet they wait until January or February so they don’t have to pay the tax on those gains for another year (which is why we may be seeing less selling this month than in a normal cycle).