
15 March 2024 | 8 replies
That might be something to consider, and we got a tax break as well.

14 March 2024 | 11 replies
Our plan in the near term would be to use the cash-flow to buy additional properties every 1-2 years, increasing cash-flow so that we can live off that income after 10-15 years.Given our modest goal of $10K/month, I am leaning towards Option 2 which is to use cash to buy properties and in a few years re-evaluate financing.Here is one of the new construction duplex properties I am vetting right now:Purchase price: $360K for a duplex.Expected rents: $3300 monthlyInsurance + taxes: $500Vacancy, Maintenance + Capex, Property Management (25%): $800Net cashflow: ~2K/month (CoC ~7%)

15 March 2024 | 4 replies
It can be used as income the year after you collect if filed on tax returns and offers deductions as well to offset monies owed.

15 March 2024 | 7 replies
Off the top of my head, I believe I'm paying them around 18% total commission (they charge 10% on all taxes, fees, cleaning etc).My question is - Should I relist my property now during dead season or wait until peak season?
12 March 2024 | 1 reply
The only concern if doing quitclaim will trigger home reassessment, that will push property tax higher.Comments and suggestions are welcome.

14 March 2024 | 4 replies
Carrying cost loan (closing costs on loan and interest), utilities, etc can be written off from a tax standpoint to reduce your liability/

14 March 2024 | 9 replies
Tax liens3.

14 March 2024 | 1 reply
Are there any tax implications or other considerations if we use this loan for our personal home project?

15 March 2024 | 14 replies
Also 4th quarter of last year Packwood and county officially did discuss potentially regulating STR's by either limiting numbers or adding a tax to cover increases in local services that are needed.

14 March 2024 | 2 replies
The LLC is a passthrough entity for tax purposes, meaning the losses/gains will show on your tax return.