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22 April 2016 | 6 replies
If you were to keep this property, you might want to consider recovering only what you put into it, which is the $110k and retain a higher equity position (<60% LTV).
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20 June 2016 | 2 replies
In most cases, even if they move out and you renovate, the mot recent tenants retain TOPA rights.
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21 November 2023 | 14 replies
Medicare never phases out and increases 0.9% after a certain level.Netting it out if you make $125k W-2, and $100k PROFIT after all expenses on a flip- You’ll pay 15.3% on the first $35.2k of the flip, the 2.9% on the next $39.8k then 3.8% on the last $25k Total SE tax = $5385 + $1154 + $950 = $7489Plus income taxes in your bracket (ladder) are 22 or 24% say $22,000 in total from your $100k profit your taxes are $29489 and you retain $70511You’ll see the benefit if you pull your annual social security statement when it caps out and the boost years of hitting the cap can have on your social security.You also can chop down the bracket you’re in by maximizing your 401k contributions on w-2 income -talk to a tax planner to ensure you maximize those opportunities.The self-employment tax rate for 2023As noted, the self-employment tax rate is 15.3% of net earnings in 2023.
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6 May 2017 | 5 replies
As you are saying she doesn't know where or when she is going, so perhaps allow seller to retain possession after closing until she can find something, as a leaseback.Your idea of helping out with the move may work, but I am not sure how you would put that in writing as part of the contract.
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15 July 2017 | 2 replies
My goal is to build a strong relationship with a lender who I can grow with and retain a competive interest rate.
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11 January 2017 | 3 replies
Other ways of holding title include Sole Ownership, Tenants in Common, Joint Tenancy with rights of Survivorship, Community Property, and Living Trust.A Land Trust is a specific method of holding title:The purpose of a land trust is to allow one to have the legal title to his property held by another person, or trustee, while retaining all of the rights and privileges of property ownership (the beneficial interest).
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3 February 2017 | 52 replies
However, within a few months I also have ways of getting all of my cash back out...with profit, and still retain a certain amount of CF.
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20 January 2017 | 9 replies
They said they do not have the in-house personnel to do this work and I (or whoever) would need to have it done ahead of time, and that they would need copies of that information filed with the prevailing county to proceed (the deceased's homestead was in a different county than the target property).I am getting a quick opinion from my real estate attorney's on retainer to see if I need a probate attorney or if this scenario is simple "any attorney can do it" business.Getting under contract is top priority and in progress.
3 November 2016 | 28 replies
As the lender, you also retain control.
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17 September 2015 | 22 replies
He is currently in police custody for breaking 2 retaining walls at my apartment complex and running away (DUI, Hit-n-run, attempted murder, etc.)