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24 April 2024 | 1 reply
. * [6-24 months] Whenever I find a job and qualify for a FHA multifamily, get that property (with break-even cashflow most likely), and rent the condo at a cashflow loss for a couple years until rent increases (due to high-interest on underlying debt)* [Almost immediately afterwards] At this point, do a cash-out refinance on the condo to pay back the SBLOC (unsure if this is possible immediately after getting the multifamily loan), and secure a lower rate for the condo itself.I know this strategy sounds like loser, as it bleeds money all around, but my hypothesis is:* Underlying assets should grow more than 8.15% in a given year, and I would not pay short/long-term taxes on stock.
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24 April 2024 | 7 replies
If so then go to your county website and look up the property tax records.
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24 April 2024 | 10 replies
Don't make the assumption on funds with tax season over they may be more flush than you haha!
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22 April 2024 | 11 replies
Investor vs. tax), but if it is a 2nd lien from an investor, there may be an intercreditor agreement that spells out the rights of the 2nd lien holder.
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22 April 2024 | 3 replies
They wondered why these sorts of incidents simply wouldn't be claimed under the general liability coverage of $1M.
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25 April 2024 | 209 replies
Next, tax's.
23 April 2024 | 15 replies
The 30 days has expired, and he is now claiming the house has mold and other issues that have not been addressed.
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24 April 2024 | 6 replies
Whatever the City won't adjust off you get to deduct from your taxes anyway, so you're not actually paying the cost of the water usage.5.
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25 April 2024 | 6 replies
Renting properties for STR does not come with the upsides of tax savings, appreciation, equity build up, etc.I agree with the sentiment expressed by others that diving straight into STR, especially with a property that is cashflow negative as a long-term rental (LTR) or through arbitrage, can pose risks.
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23 April 2024 | 6 replies
@Sandra KimThe withholding agent (I’m assuming the title company in your case) generally should be remitting the withholding tax directly to the IRS out of the sales proceeds.