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15 January 2025 | 18 replies
Not that I'm a proponent of borrowing just for a tax break, but the interest is a deductible expense.
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26 January 2025 | 9 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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21 January 2025 | 1 reply
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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27 January 2025 | 1 reply
Generally speaking, with SFR or small multis, I just rely on the lease/rent roll (and some form of proof of payment; i.e. bank statements, deposit receipts, tax returns, etc.).
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29 January 2025 | 10 replies
I've been using the GE GFW148SSMWW // GFT14ESSMWW models which comes to $1,650+ tax for units and stacking kit.
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23 January 2025 | 9 replies
This allows us to close extremely quickly, which is an important competitive advantage.I don’t know how to read our own tax returns, and I’m certainly not going to read yours.
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15 January 2025 | 12 replies
I looked into this as well since I'm getting terribly bent over on my w-2 taxes.
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18 January 2025 | 8 replies
It is what is left after snow removal, cutting the grass, utilities, tenant issues, parking lot issues, property taxes, mortgage payment, etc. that make a difference.
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11 February 2025 | 15 replies
I bought it last year and thus far have: 1) Appealed assessed value to bring down taxes, 2) Got better (less expensive) insurance, 2) Rehabbed 3/4 units, and 3) increased rents $300-$400 per unit along the way.
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22 January 2025 | 2 replies
If the purchase is done in cash, as you mentioned, they’d have more flexibility, but they’ll still want to carefully consider the tax and legal implications of the subsequent sales.I hope this helps, and good luck with your client’s deal!