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1 June 2024 | 2 replies
The properties are either one street down from each other or are 2-4 buildings next door.Property #1 (Currently live in with my family and I)Purchase Date May 2021Mortgage Balance: $117,898Rate: 3.625%Mortgage payment including escrow: $870.51Purchase Price: $143,000Tax: $3,308Estimate to sell in today's market: $190,000- $210,000 based on current sales in the market this yearHOA: $110 monthly includes Water and building insurance and other maintenance for the propertyProperty #2:Purchase Date:: April 2022Mortgage Balance: $135,756Rate: 4.625%Mortgage payment including escrow: $1,375 (payment normally $1,059 but payment increased due to low balance on escrow because of tax increases)Purchase Price: $148,000Tax: $4,578Estimate to sell in today's market: $190,000- $210,000 based on current sales in the market this yearHOA: $100 monthly includes Water and building insurance and other maintenance for the propertyRent: $1,400 a month only water is included in rentProperty #3:Purchase Date:: February 2023Mortgage Balance: $118,518Rate: 5.99%Mortgage payment including escrow: $1,315 (taxes have gone up for this property as well)Purchase Price: $132,000Tax: $4,522Estimate to sell in today's market: $190,000- $210,000 based on current sales in the market this yearHOA: $100 monthly includes Water and building insurance and other maintenance for the propertyRent: $1,400 a month only water is included in rentProperty #4: (We were thinking of selling this and take profits but not sure to be honest)Purchase Date:: February 2024Mortgage Balance: $139,408Rate: 6.75%Mortgage payment including escrow: $1,332Purchase Price: $147,000Tax: $4,130Estimate to sell in today's market: $190,000- $210,000 based on current sales in the market this yearHOA: $100 monthly includes Water and building insurance and other maintenance for the propertyRent: $1,350 a month only water is included in rent
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1 June 2024 | 3 replies
But Im only able to pull up AD Valorem taxes but not non-Ad Valorem taxes on the county website which adds more to my confusion.Would someone knowledgeable in this area be able to walk me through a live example?
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1 June 2024 | 1 reply
House hacking originally, Lived in one unit.
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1 June 2024 | 4 replies
My name Sean and I live in NJ.
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1 June 2024 | 0 replies
I have extensive background in construction and real estateI lived in Florida and wholesaled & syndicated real estate for a few years.
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1 June 2024 | 2 replies
A house hack where I live in one unit and rent out the other.
1 June 2024 | 12 replies
The injured tenant was taken to the hospital, and based on the footage from my security camera, which I have because I live in the same building, there was no provocation for the attack.
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28 May 2024 | 4 replies
Hello friends,Does anybody who had experience with Live and Flip consider that as a business for tax purposes?
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1 June 2024 | 3 replies
I have no doubt whatsoever that he'll be able to make a nice living plying his expertise on a freelance basis.