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3 May 2024 | 5 replies
The trick will be to find one that has enough rental income to offset the taxes so you can make some money.
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2 May 2024 | 8 replies
Getting into Facebook groups is a great way to find tenants who are searching months prior to PCSing.
3 May 2024 | 2 replies
We both live in Ohio, but I think there are probably tax and legal benefits to registering in another state, such as Wyoming.
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6 May 2024 | 23 replies
You will have payroll and tax filings.
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3 May 2024 | 12 replies
Example belowwe found a house for 900 a month rent Asking price was 59900. taxes 1400, insurance 800, renovation budget 25k mostly cosmetic and minor fixeswe went into it expecting a 15% return on our cash out that gave us a expected cash out loan around 75k to get our 1.4 dscr When we plugged our numbers we could go over 47k on our offer to make the deal work we offered 43 and got counter 47,5 we took the deal assume a slightly lower 1.38 dscrthe key is to scale and be selective on tenants AND not allowing pets (you can offer them but suggest crazy fees to cover yourself) 500 pet fee, 25 a month per pet etc.
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3 May 2024 | 2 replies
There are set fees like any grantors tax, HOA disclosure package, then fees that vary, like settlement fee, deed prep, prorated real estate taxes, commissions, closing cost assistance requested in contract, etc.
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3 May 2024 | 18 replies
I am currently reading The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew Macfarland.
2 May 2024 | 41 replies
You pay employers tax, wc rates, and deduct employee tax, etc.
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2 May 2024 | 19 replies
Use your least tax-efficient money to buy your most tax-efficient assets.