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14 May 2024 | 1 reply
It will show up on your taxes that way.
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13 May 2024 | 79 replies
The typical path to a million in net worth is to go to college, save money (frugal with expenses), buy a house, and invest in tax deferred accounts.
14 May 2024 | 6 replies
@Jim Collins there is some nuance here....like how you are showing the properties on your tax returns...but all things considered, you should NOT have business debt held against you.
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14 May 2024 | 2 replies
She is 1099 her 2023 taxes are great but 2022 has quite few deductions and does not have 5 years of the same 1099 experience.
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15 May 2024 | 7 replies
You’ll be lucky to get this as a newbie.These total $188k and don’t include property & title insurance, closing costs, property taxes, utilities, staging, and all other misc. costs
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14 May 2024 | 20 replies
The best I know of (and we can do this) is 15% down, but even then in this high interest rate, high tax, high insurance environment it's really hard to get a property to cash-flow positively without putting a lot more down.
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14 May 2024 | 3 replies
After talking with the seller, Furnace needs to be replaced, part of the roof is 3 yrs old/ most of the roof 18yrs old, plus back taxes of around 5,000.
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13 May 2024 | 10 replies
Still very close to CA but no state income tax, property taxes DO NOT reassess on the sale (4th lowest property taxes in the US), much more landlord friendly, diversified job growth, population growth, and Reno doesn't have as severe of weather in the summer as Vegas.