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4 April 2024 | 0 replies
Property cash flows very well and has become an excellent tax shield with my other properties.
4 April 2024 | 6 replies
Not only that but I also would like to connect with everyone, investors, private lenders, loan officers, tax consultants, attorneys, contractors, property managers ETC.
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4 April 2024 | 5 replies
You need to check with your State, in Florida you will have to pay sales tax on any rental agreements of 6 months or less so check for any possible sales tax liability.
4 April 2024 | 5 replies
I do not want to take on capitol gains taxes and would be reinvesting all the gains on either a personal home or down payments on multiple rentals.
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4 April 2024 | 12 replies
Everything else is in line and depends on the property you are purchasing.Price: $71,733.48County Taxes (4/24 to 7/1): $80.58County Sewer (4/24 to 7/1) $35.93HOA Dues (4/24 to 7/1) $425.60Recording Fee: $60Title Company Fee: $136So my total closing costs were $738.11 or 1.03% of the purchase price.I'll try to dig up my last flip that I did in California to give you an idea of what I paid there.
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3 April 2024 | 24 replies
You can always pay more if you want to pay it down early, but it’s a lower burden during crazy times you can’t predict.
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4 April 2024 | 18 replies
My partner and I worked with tax lien and tax deed investments for a couple years (2017 - 2019) and will continue to do that on the side.
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5 April 2024 | 7 replies
We have "squatters rights" aka adverse possession laws but it's really difficult to meet the legal requirements for that: the squatter must live in the property as if it's their own for 18 years, paying property taxes, making improvements etc. and it must be open and hostile/ against the true owners wishes for the full 18 years continuously to be able to make that claim.
2 April 2024 | 8 replies
(lower PITI) Get cheaper property taxes - argue with county with a Property Assessment Appeal that your home is worth less than what they appraised it for, thus lowering your property tax burden (portion of your mortgage payment)4.
3 April 2024 | 4 replies
Also, there is unpaid property tax as well, will the property tax be written off or which party will be responsible for it?