24 July 2024 | 2 replies
Look in the property tax assessor record.
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23 July 2024 | 4 replies
In addition to appreciation potential, there are a bunch of tax benefits to consider as well... my favorite being that a tax loss can be carried forward to offset future taxable income.
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22 July 2024 | 9 replies
Typically 6 months of reserves are needed (meaning 6 months of mortgage, property taxes and insurance (and HOA if applicable)).
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23 July 2024 | 1 reply
The plan is to replace all current free-market tenants with Section 8 tenants, as the rents are higher.
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24 July 2024 | 9 replies
Landlord friendly and low property taxes combined with how close it is to CA it makes visiting properties and building a team easier.
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25 July 2024 | 3 replies
And for me infinite returns since I sold off shares retained 25% which is debt free.
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24 July 2024 | 5 replies
Feel free to reach out to me anytime.Best,Jorge Vazquez
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24 July 2024 | 4 replies
Price materials and labor cost will depend on how large of scope of work but a good company is going to be around 3500 a week plus cost of over head we also pay 30% tax on our income also like you guys but if you anticipate 4 week rehab well be ready for minimum of 14k in labor +14knis low end in my opinion... now I'm currently eating my lunch on a rehab from hell but it's gonna be a work of art from where it came from... this was the worst of the worst in my career water damage to all structural raised the roof on a horrible addition and did it correctly.
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23 July 2024 | 2 replies
Cost segregation is a popular tax deferral strategy and there is often confusion as to the difference between bonus depreciation and reclassification.Bonus DepreciationBonus depreciation is a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets, such as washers and dryers, rather than write them off over the "useful life" of that asset.
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24 July 2024 | 4 replies
The issue you may also run into is from a tax perspective, but I am not the expert on that.This seems too complex honestly and one of those, you cannot figure out what could go wrong until its too late scenarios.