Michael Plaks
EXPLAINED: Tax strategy or an abusive position?
15 September 2024 | 2 replies
Except the government bureaucracy and people's stubbornness, of course.We always report taxes for one specific year, and it changes from year to year.
Nakul Patel
Looking to buy investment property
13 September 2024 | 16 replies
When it comes to renting to Section 8 (S8) tenants, there are definitely pros and cons to consider:Pros of S8 Tenants:Guaranteed Rent: The government will pay a portion (sometimes all) of the rent, so you'll have consistent cash flow.High Demand: There's often a waiting list for S8 housing, meaning less vacancy time.Cons:Property Inspections: Your property will need to pass regular inspections, and repairs/maintenance must meet specific standards.Tenant Screening: Just like with non-S8 tenants, tenant quality can vary, so thorough screening is still essential.As for the down payment, yes, most lenders will require 15-25% down for investment properties.
Brian J Allen
Fannie Mae 5% Down Multifamily Loan: A Double-Edged Sword
9 September 2024 | 22 replies
The government can borrow money from the central bank to buy goods and services, and then repay the debt by printing more money.
Ankush R.
Looking to invest in Cincinnati, Ohio
12 September 2024 | 14 replies
Why do you think purchase contracts are so long and have such small print?
Ray Slack
Question about Lien on Upset tax sale Purchase
14 September 2024 | 11 replies
(Approximately 13 states have either state Inheritance Tax or state Estate Tax, so that would possibly apply in other states besides PA.)Welfare LiensNursing home liensMechanics LiensMortgages in order of recording date, first mortgages before second or third mortgagesJudgements (once boought a property where there was alien because the owner got in a bar fight and was sucessfully sued for medical bills esulting in a judgemen.)Federal Tax Liens (Special rrules apply to IRS liens)The precedence of pay off is determined by state law, government first, then the rest by date recorded.Then is anything else is left over it goes to the former owner.On one of our purchases there was a big Nursing Home lien that the Tax Claim Bureau was not aware of.
Saleh Riazi
My Experience Investing in Columbus OH.
15 September 2024 | 31 replies
If you were evicting due to non-payment then the tenant would be advised to apply for impact and then the government would pay for any past rent, late fees, and three months ahead.
Bridget Grant
Help, I think I made a big mistake with tax sale properties
15 September 2024 | 33 replies
I would also negotiate down your bills by talking to someone in the government on the phone and/or in person especially about the trash service.
Sterling Summers
SBA loan for apartment addition
11 September 2024 | 1 reply
I'm wondering because of the housing shortage if the federal government is offering some low interest loans for this type of development.
Andrew Galloway
Has Anyone in CFL Bought a STR Recently (2022+) to Offset Their W2 Income Tax
11 September 2024 | 12 replies
Another caveat: there are a lot of STRs out there that are breaking HOA/local government/state/federal laws or strongly bending the rules, and I'm looking for people who did not do that or who mitigated risk there.
Jason Thompson
advice for starting a syndication
16 September 2024 | 40 replies
Making your investors feel safer, syndications require a government-regulated private placement memorandum (PPM), which spells out how the investment is being set up and the returns and risks involved.On the negative side, real estate syndications are expensive and complicated with quite a learning curve.