
12 March 2024 | 4 replies
The trade off that republicans made were to extend business benefits mainly R&D expensing and bonus depreciation.

12 March 2024 | 13 replies
just asking to try to help, because (1) BRRRR is very tough right now, and (2) it sounds like you're going for 100% financing, which just makes it more expensive.

12 March 2024 | 13 replies
We live in Los Angeles county but buying anything here is crazy expensive and rent control limits any ability to profit anything.

13 March 2024 | 11 replies
This criteria is for 1-4 and 5-8 unit programs.I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

11 March 2024 | 32 replies
Title insurance doesn't cover future matters unless you purchase affirmative coverage for same either through enhanced title insurance or endorsement.

12 March 2024 | 3 replies
Start with the most expensive items and think about how much you might sell them for on FB Marketplace.

12 March 2024 | 6 replies
If you are referring to hard money lenders as the larger companies like Kiavi and Toorak then yes private lenders are more flexible, but they may or may not be more cost effective.For example we do some private lending and we are absolutely more flexible than some of the HML's but we are not more cost effective, we are more expensive.

12 March 2024 | 7 replies
But my challenge is, from my research so far I am not seeing any properties that make sense or are close to hospitals, or are very expensive if there are any.

12 March 2024 | 4 replies
.- Explore strategies like 1031 exchanges to defer capital gains taxes.Deductions and Expenses- Know eligible deductions: mortgage interest, property taxes, insurance, maintenance, and management fees.- Maintain detailed records of all real estate-related expenses.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.

12 March 2024 | 13 replies
You would want to allocate expenses on a sqft. basis.