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27 April 2024 | 21 replies
Between interest rates being day high, construction costs being through the roof and propert taxes and interest rates climbing by the minute, how is this profitable?
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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.
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.
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23 April 2024 | 1 reply
The selling agent informed us that the taxes are $97 per month for this year.
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23 April 2024 | 8 replies
I have a four unit and need help filing taxes.
25 April 2024 | 6 replies
As long as you report this foreign income on your US Tax Return, then you can use that income to qualify for a conventional mortgage.
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26 April 2024 | 10 replies
It's a retirement account that enables to you invest in whatever you'd like to invest in and the profits are all tax free.
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26 April 2024 | 4 replies
Doing all 3 scenarios here would cost about 1M$ 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.
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25 April 2024 | 4 replies
.: $125 per month, but I assumed 10% Capex+Maintenance: 5% (Assumed this since the home was recently rehabbed and all major items have 7+ years)Property tax: ~$5,000 (Could increase in the future; not sure)Insurance: ~$600Cash flow: ~$250 per month (while not huge, I expect some appreciation)
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23 April 2024 | 2 replies
Am I exempt from capital gains tax since I have been living in the house for more than 2 years consecutively or do I have to also own the home for at least 5 years to get qualify for the exemption?