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24 January 2025 | 2 replies
From a tax implication standpoint, it can be tricky but if done correctly, not a problem.
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19 January 2025 | 46 replies
Zero capital gain tax, next to zero income tax, property Tax is super small.
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6 February 2025 | 9 replies
If your bottom line numbers on tax returns and W2 income are not strong however, this will be an abrupt dead end.
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12 January 2025 | 3 replies
Meet with a local banker & schedule a time to talk with a mortgage broker, they'll give you at least a baseline of what kind of down payment options and rates are out there.After that, if you're still wanting to research more creative options, do some looking into seller financing (a very hot topic with good, and bad, advice out there), look into private lenders, and commercial financing options.If you're wanting to live in 1/4 of your quadplex, then conventional residential loans may in fact be your best option as you can purchase that with a fannie/freddy loan with very low down, and use up to 75% of the income from the property toward your own income.
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20 January 2025 | 31 replies
I had to redo everything they did on my taxes.
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2 February 2025 | 6 replies
I have family in Houston, Dallas, and the Valley, I was networking with brokers in San Antonio, but the Taxes seem to be quite high as well in that State, although much favorable laws/regs on the landlord side.
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29 January 2025 | 9 replies
I recommend that you find a trusted or recommended Mortgage Loan Originator (MLO), who can give you options for property-based loans (mostly investment loans) and they don't use your taxes but the P&L of the property.
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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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31 December 2024 | 6 replies
@Armell MayersBigger Pockets is a great place to find a real estate tax accountant.
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23 January 2025 | 26 replies
I do like the tax benefits and leverage.