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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).
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8 February 2025 | 2 replies
Taking a break from working on our 2024 bookkeeping and taxes.
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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.
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7 February 2025 | 3 replies
Since you're looking to expand into Florida and other states, I'd recommend starting by narrowing down your focus:Market Research – Florida has great opportunities, but each state and city has different laws, taxes, and demand drivers.
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23 January 2025 | 5 replies
My monthly payments (mortgage, insurance, taxes) are roughly $3,600, leaving me netting about $4,600/month.I have four years left until military retirement, after which I’ll have a pension, some disability income, and rental income from this property.
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17 January 2025 | 11 replies
This will also allow you to avoid taxes on the sale.
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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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10 January 2025 | 5 replies
If the case was substantial, I would imaging your lawyer could subpoena the officers to have them testify to what they witnessed.