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31 January 2025 | 7 replies
@Marc Zak Using an LLC for each property provides strong liability protection by isolating risks to individual assets, with income and expenses flowing through to your personal taxes on Schedule E.
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13 February 2025 | 8 replies
Sounds like she has a loan on the property still so the only way to get the deed into your name is to have the loan paid off like normal. unless she has an assumable FHA loan.
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29 January 2025 | 3 replies
With a fideicomiso, the gross income is taxed through a withholding tax whereas, with the corporation, the rate, you can deduct expenses but the taxation rate is higher.
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4 February 2025 | 2 replies
The stone elevation can be expensive but will really move a house quickly with the added curb appeal.Some things I like to add for not much extra cost..
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31 January 2025 | 0 replies
Purchase price: $15,000 Cash invested: $25,000 Sub to deal - paid the seller and wholesaler $15,000 + $7500 closing costs to assume $84,000 mortgage with a monthly PITI of $575.
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22 January 2025 | 9 replies
@John Reagan Johnson hope you don't mind a PMC answering, but most of our clients hire us because:1) They live out of state and don't have time & expertise to remote manage2) They don't have the time to manage3) They don't feel they have the necessary expertise and/or don't want to risk learning as they go and making an expensive mistake.Go read Kiosaki's Cash Flow Quadrant book.
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6 February 2025 | 7 replies
I empowered my cleaners at each place and paid for them to take additional hot tub training/certifications.
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13 February 2025 | 8 replies
If that were the case, I would sell my house and live in a tent because it's less expensive.
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10 February 2025 | 16 replies
So path of progress.. took till 2020 until development happened around me and that unbuidable property I paid 28k for I sold for 2.2 million to a developer..
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29 January 2025 | 10 replies
They paid 3.7 million for this property at 29% occupancy.