By building a seller credit into your offer, the seller can pay for ALL of your closing costs and prepaids, and you will get your earnest money back, plus any property tax proration credit as applicable.

Because of the protections an LLC offers in this space, I'd simply say my non-expert opinion would be to spend a little extra to make a separate LLC for this new home, for the legal protections & to make your taxes less of a headache for you.

I ended up in a debt hole since the program cost me about $8000, then they introduce you to Prime corporate service to do your taxes for another 2k and then set up your business and registered agent stuff for another 2k.

I will continue to be transparent with the agents and go through the process according to the law update.We are working on all the backend processes, 2023 taxes, you know the flow.. and hope timing works in our favor.

If they use tax returns, it is almost the end of the year don't just accept 2022's.

EVEN IF they could find qualified candidates to hire, do you think the people of Jefferson County are going to vote to increase their ad valorem taxes so the Sheriff's department can hire more deputies to serve more eviction notices for so-called rich investors?

The threshold for owing an actual monetary amount is a few million dollars. its more the hassle of filing an annual online report.Many of my clients are out of state investing in TX, both with and without an LLC.

Share your assumptions below for a tailored model and insightsNeeded: Rent, Rental Growth, Occupancy, Interest Rate, Loan Amount, Property Tax, Maintenance Expenses, Purchase Price, sum of all Closing Costs (including commission), HOA Fees, and Renovation Costs.

The best differential between NY/NJ investing and PA are the taxes.

I would like to know if this is a deductible expense on my taxes.