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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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13 January 2025 | 12 replies
Feel free to send me your preferred contact details or schedule a time that works for you.Looking forward to connect!
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23 January 2025 | 8 replies
@Daniel Tanasa $1905 per month (mortgage +interest) , taxes (around 3600 per year) and insurance (1500 per year) => so 2330$ is my PITI
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29 January 2025 | 24 replies
You'll also need to show stable income for the past two years through W-2s or tax returns.Talk to 3-5 lenders to compare their rates, fees, and terms.
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27 January 2025 | 4 replies
@Pratik as @Neil Narayan mentioned, cash flow is very challenging due to the property values, property taxes, and soft rental market.
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10 February 2025 | 3 replies
There's obviously quite a bit of diligence that comes after such as who the key principles are and their credentials/track record (both balance sheet and experience), the underlying real estate and thesis behind the investment & tax prep and audit procedures but as a general rule of thumb if the investor can't get past the first part which is understanding what they are investing in, passive investing is probably not for that individual.
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29 January 2025 | 3 replies
I make around $110k+ per year, live off around $75K, have a mortgage ($1900/mo for rent, escrow, tax), around $40K in equity, and no other debt.
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26 January 2025 | 1 reply
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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23 January 2025 | 2 replies
Your problem will be them incurring capital gains taxes simply so you can get a commission.