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27 April 2024 | 5 replies
@Nick KnoblachOf course, you should always confirm with your own CPA who is familiar with your situation, but here's a few generalities:- CA taxes residents on worldwide income, so the CA resident will likely be taxed on the entirety of income that he/she receives on his/her CA resident tax return, including his/her share of rental income- CA will likely want to collect tax on all income earned in CA due to CA-sitused real property, so any non-residents in CA should likely be prepared to file a non-resident income tax return in CA to report his/her share of income earned from the CA real property-I'm not familiar with MN rules, but most states generally allow for a credit for taxes paid to another state.
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28 April 2024 | 3 replies
You can get into a good property in many locations for $50-100K as a down payment.
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28 April 2024 | 3 replies
run the numbers with different down payments and see what that looks and feels like.hope this helps
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28 April 2024 | 0 replies
My payment (including escrow for insurance, taxes, etc) of $2500 would go to roughly $4500.
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29 April 2024 | 64 replies
Frankly and I was there Armando's students killed it.. we were early into Vegas in 2011 to 2013 buying homes basically all sub 120k I know if funded tons of them now average price in Vegas is closer to 300k for the same props.. when the foreclosures ran out ( thats what I was funding the flipper who was providing the inventory to Armando) they moved to Orlando and same thing we provided capital to buy fix and then sell to Students plus non recourse funding for IRA buyers.. same thing Students bought these for 70 to 120k each everyone of them has doubled or tripled..
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27 April 2024 | 3 replies
For a 300 K in Tampa Area what would be the down payment?
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28 April 2024 | 11 replies
I google free mortgage calculator to see what my payments will be.
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27 April 2024 | 3 replies
Why are they non-renewing?
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24 April 2024 | 5 replies
What does the CMHA “payment standard” mean?
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27 April 2024 | 6 replies
Been thinking about taking on a personal loan of 50-70k for purchasing power in my Midwest market, the loan would just be for down payments and closing costs on sub 85k SFH / Duplex properties.