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6 January 2025 | 8 replies
Just withdraw it—it’s like a checking account.The Risks (Depends Who You Ask):A lawyer says everything can go wrong.An insurance agent says the same (so they can charge more).An engineer?
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25 January 2025 | 4 replies
There are auctions to sell cars, police auctions, tax impounded auctions, antique auctions, etc.
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24 January 2025 | 0 replies
A successful rental property should offer positive cash flow, meaning your rental income should exceed your monthly expenses (mortgage, taxes, insurance, maintenance, etc.).To find the right tenants, ensure the property is priced competitively within the local rental market.
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20 January 2025 | 3 replies
Instead of evicting them, i was thinking is there some way that I could rent it back to him for very cheap (mainly to cover just the taxes/ insurance) ie 2k a year rather than the going rate of 2k a month for similar properties.
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28 January 2025 | 3 replies
Note that I live in the Netherlands, which has many tax laws.thank you
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20 January 2025 | 4 replies
This is obviously much better than $1,400 per month.On top of that, you will now get 2x the depreciation write-off so your taxes should go down.On top of that, you will now get 2x the appreciation when real estate price go up.On top of that, your tenants are helping you pay down the loan, initially at about $100/mo for both properties, which gradually gets better and better.On top of that, you now have more units so if one or two goes vacant, you have more renters covering the losses of the vacant units.If you want to keep these properties, I would do a cash-out refi and go buy more rental real estate.
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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.
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19 January 2025 | 7 replies
Tax and Legal ConsiderationsUnderstand the tax implications and legal responsibilities associated with rental income.
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21 January 2025 | 10 replies
If your not ready to spend money on a software you can use tax records.
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25 January 2025 | 7 replies
The houses would be looking at I'd imagine would be about 7 to 800 k taxes would be about 4K hire a year.