
22 April 2024 | 4 replies
From a tax perspective, an LLC is a disregarded entity (meaning it is reported on your personal tax return) until you elect for the LLC to be treated otherwise.

22 April 2024 | 0 replies
Constructed in 1917 and recently renovated in 2023, this 8,500 square foot building stands on a 0.18-acre site and features a variety of living spaces including four two-bedroom apartments, one three-bedroom apartment, a spacious one-bedroom unit, and two commercial retail units.

22 April 2024 | 7 replies
Given our tax bracket, including tax savings when analyzing various real estate deals is critical in determining our ROI.

24 April 2024 | 42 replies
I've done some additional calcs and I'm going to need $110k net income (which includes all carrying costs) to break even.
21 April 2024 | 5 replies
Sometimes it's the 6th or 8th number on the report that is the best phone number to reach that person.

23 April 2024 | 19 replies
Try "sell my house fast or sell my house for cash" and include whatever city you're in.

23 April 2024 | 3 replies
Trusts are typically done as part of a full estate plan that includes other documents to cover you in different situations like Wills, Powers of Attorney, Advance Health Care Directives, etc.

23 April 2024 | 11 replies
The first property rents for $2,125 per month and its expenses including maintenance and vacancy is $1,350 for a total monthly cash flow of $775.

23 April 2024 | 4 replies
And the tools of the trade are always provided by the contractor, not his client.If your contract does not include some timeline for completion and/or milestones, I'd add it into future ones.

23 April 2024 | 7 replies
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.