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12 March 2024 | 1 reply
It also depends on loans that you are trying to qualify for depending on credit, experience, and other factors.
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13 March 2024 | 55 replies
Leveraging sphere, networking, you tube, ie www.KennsRadio.com more to follow... i am creating a course to show how its done woot!
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12 March 2024 | 7 replies
I've looked at 5+ unit deals in your area (a few years ago) and I've connected with local credit unions that are open to lending on them.
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12 March 2024 | 9 replies
Or depending on your total assets, including invested, qualify you on assets and credit alone.
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12 March 2024 | 7 replies
DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
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12 March 2024 | 36 replies
However, there are other strategies you can consider to optimize your tax situation:Maximize Deductions: Ensure you're fully utilizing all deductible expenses related to your rentals, such as maintenance, repairs, property management fees, and travel expenses to the properties.Depreciation: Make sure you're taking full advantage of depreciation on the properties, which can significantly reduce taxable income.Cost Segregation Study: For larger properties, a cost segregation study can accelerate depreciation on certain parts of the property, offering more upfront tax savings.1031 Exchange: If you're considering selling any properties, a 1031 exchange allows you to defer capital gains taxes by reinvesting the proceeds into another rental property.Energy-Efficient Improvements: Tax credits may be available for making energy-efficient improvements to your properties.Rod
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12 March 2024 | 4 replies
.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.
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12 March 2024 | 8 replies
For the lenders that do a 0 with decent credit you will need to put down 15% - 20% on a bridge loan and that's with 720+ credit.More than that though, you need to understand the capital requirements.
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12 March 2024 | 7 replies
Hi @Rebecca Busch I am local to NC and we offer basic courses on real estate taxes.
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12 March 2024 | 3 replies
You'd need to connect with an architect like Samuel or a structural engineer.You can of course install a hatch, but make sure someone who knows what they are doing from a roof standpoint does it.Happy to chat in more detail if that would help.