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19 March 2024 | 46 replies
I think most of his flips are in inexpensive cities like Cleveland, Detroit area, etc. https://flipsystem.com/faq/I think $10,000 to $20,000 (before IRS taxes) is a really small profit margin.
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18 March 2024 | 2 replies
About $900 a month after taxes/insurance/and misc repairs.
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19 March 2024 | 18 replies
You should make sure that the rental revenue meets all of your costs, including the mortgage payment, property taxes, insurance, maintenance, and vacancy allowance, since monthly rental prices might range from $1,000 to $1,600.Property Appreciation: Take into account the market's expected and past rates of property appreciation.
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17 March 2024 | 24 replies
He is ONLY willing to sell by owner financing.I am not a tax expert in estate taxes, but my guess from knowing others who have had similar situations is that IF he sold it outright for say 300K, he might have 75K of taxes.
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15 March 2024 | 1 reply
Hi! We are a couple from Israel who recently moved to Sydney, Australia.
We aim to start with flipping houses to build capital for more significant future investments.
Currently, we are exploring the option of find...
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18 March 2024 | 7 replies
For more precise estimates of rental revenue, think about speaking with nearby property managers or real estate brokers that focus on rental properties.Closing costs: Compute the closing expenses for the duplex purchase, taking into account attorney fees, title insurance, property taxes, appraisal fees, and loan origination fees.
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18 March 2024 | 3 replies
I thought maybe she’d like the increased income and reduced liability as she approaches 90 years old but I see the tax issues might be too big an obstacle as she does seem pretty well off.
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16 March 2024 | 1 reply
is it illegal to sell my Tax Deed by quit quitclaim Deed?