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3 April 2024 | 6 replies
Assuming that the exact same parcel (no more, no less) sold previously, and you have a copy of the prior deed from the title search that your abstractor did for you, you could copy the legal description from the prior deed, word for word (diligently).Then you'd need the seller to execute the deed in a way that is consistent with West Virginia law.
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4 April 2024 | 42 replies
They specialize in tax deed purchases, rehab, tenant occupy then cash out and refi and repeat the process.
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4 April 2024 | 0 replies
Property cash flows very well and has become an excellent tax shield with my other properties.
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4 April 2024 | 12 replies
Its so the State can record the improvement and increase your property taxes .I make a great living redoing work done by hacks .
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4 April 2024 | 5 replies
You need to check with your State, in Florida you will have to pay sales tax on any rental agreements of 6 months or less so check for any possible sales tax liability.
4 April 2024 | 6 replies
Not only that but I also would like to connect with everyone, investors, private lenders, loan officers, tax consultants, attorneys, contractors, property managers ETC.
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4 April 2024 | 28 replies
Thank you for the reply, I will indeed visit but prior to flying somewhere I want to have an idea.
3 April 2024 | 4 replies
Normally (prior to the Corona age) the annual expected return was over 10% (net) and the average appreciation around 6% annually.Taking into consideration that the time to complete a project is between 1-3 years (depends on the size) and my strategy at the moment is to develop the project and to cash out, I am not sure that offering a preferred investment is possible unless I am using my own capital to finance interest distribution.Actually, I am exploring 1.
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3 April 2024 | 1 reply
However, because that house was renting to 5 people prior (legally), they would still be allowed to continue that use.
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6 April 2024 | 46 replies
They do require that a permit be acquired (super easy) and hotel tax get paid (a little more complex but there are ways to make it easy), but otherwise there are no regulations to speak of.