
22 March 2024 | 3 replies
On your cash flow are you subtracting out what you pay yourself/benefits for you, taxes?

21 March 2024 | 12 replies
If he is working full time on real estate you’ll qualify as real estate professional for tax purposes.

21 March 2024 | 1 reply
I am in the process of filing taxes.

21 March 2024 | 2 replies
.• Expenses: Estimate operating expenses including property taxes, insurance, utilities, maintenance, vacancies, and property management fees.• Financing: Explore options like FHA loans, conventional loans, or portfolio loans.• Cash Flow Analysis: Use a tool or spreadsheet to calculate projected cash flow.Based on your estimate of $300 per month in cash flow, make sure to verify that this aligns with your financial goals and risk tolerance.

21 March 2024 | 6 replies
If you have self employment or gig jobs you need 2022 and 2023 IRS taxes filed and all the pages/1099/w-2/LLC/Corp/personal and 2024 income.

22 March 2024 | 9 replies
Monthly rent + rate increase + probably getting a clearer picture of taxes/insurance would be my guess for that.So I wouldn't completely blame whoever you were working with on that, but if it were my client I would have tried to get a clearer picture of that going into it and either treat it like a 'vacant' or go off of market rents (assuming they are closer to $1200).Good luck!

21 March 2024 | 5 replies
If its a tax deed foreclosure that may be different as typically in most states you would have to go throught quiet title. but if its a mortgage foreclosure you should be able to get title insurance.

22 March 2024 | 11 replies
Taxes are also always going to be a consideration, and this is an assessment year, so you should account for them going up more than usual in your projections.

21 March 2024 | 7 replies
The property is being sold as raw land below its tax-assessed value.

19 March 2024 | 5 replies
Of course being a flip means I owe more than $300k in taxes so that bites.