
25 April 2024 | 1 reply
Tax implications also differ; selling may incur capital gains tax, while rental income is taxable but offset by deductions.There are several factors to consider when deciding if you should sell or keep your property as a rental.

24 April 2024 | 7 replies
I have a 9-Plex worth 850k with 300k of debt.

24 April 2024 | 49 replies
A DSCR loan will usually require a 1.2 debt service ratio, so with that you should be break even or better.

25 April 2024 | 16 replies
I'm of course bias, but we get a lot of Nor Cal investors here because we're driving distance but have low property taxes (that do NOT reassess on the sale), stable job growth, employment growth, land constraints that drive appreciation, and much more landlord friendly laws.

24 April 2024 | 4 replies
I am currently in the process of eliminating all my debt (about 7000) and then resume my savings.
25 April 2024 | 0 replies
Navigating tax responsibilities can be complex, and one common area of confusion is whether private lenders should send Forms 1099-INT to investors and if investors should receive Forms 1098.

26 April 2024 | 10 replies
It's a retirement account that enables to you invest in whatever you'd like to invest in and the profits are all tax free.
25 April 2024 | 6 replies
As long as you report this foreign income on your US Tax Return, then you can use that income to qualify for a conventional mortgage.

23 April 2024 | 1 reply
The selling agent informed us that the taxes are $97 per month for this year.

26 April 2024 | 4 replies
Doing all 3 scenarios here would cost about 1M$ to 1.2M.The numbers are:- Purchase price: 1.5M$- Current mortgage: 65% LTV, 2.55% 30y fixed- Property taxes: estimate 25k$/y- Current rental income from two 1bed/1bath units: 2200$/m each- Previous rental income from the 2bed/1bath house: 3600$/m- Property mgmt: 12%- Quote for garage ADU conversion: 500k- Quote for remodel: 400k- Quote for JADU: 300k- Estimated rental income from ADU conversion: 3500-4000$/m.- Estimated rental income from remodeled house: 5000-5500$/m.- Estimated rental income from JADU: 2500$/m.Concerns we have:- There's no comp in the area that sells for more than 2.5M for a setup like this.