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4 April 2024 | 3 replies
I moved from NorCal to live and invest in Reno, NV because I still wanted to be close to the Bay Area but wanted to have much more favorable landlord/tenant laws, low property taxes (that don't reassess on the sale), consistent diversified job growth, and land constraints for higher appreciation.
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4 April 2024 | 42 replies
They specialize in tax deed purchases, rehab, tenant occupy then cash out and refi and repeat the process.
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4 April 2024 | 0 replies
Property cash flows very well and has become an excellent tax shield with my other properties.
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4 April 2024 | 12 replies
Its so the State can record the improvement and increase your property taxes .I make a great living redoing work done by hacks .
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3 April 2024 | 6 replies
If the Tenant and the Landlord make arrangements for the Tenant to meet a vendor to make repairs or perform maintenance, and the Tenant fails to meet the vendor as scheduled, the Tenant shall be responsible for any charges incurred for the Tenant’s failure to meet the vendor as scheduled.
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4 April 2024 | 5 replies
You need to check with your State, in Florida you will have to pay sales tax on any rental agreements of 6 months or less so check for any possible sales tax liability.
4 April 2024 | 5 replies
I do not want to take on capitol gains taxes and would be reinvesting all the gains on either a personal home or down payments on multiple rentals.
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4 April 2024 | 12 replies
Everything else is in line and depends on the property you are purchasing.Price: $71,733.48County Taxes (4/24 to 7/1): $80.58County Sewer (4/24 to 7/1) $35.93HOA Dues (4/24 to 7/1) $425.60Recording Fee: $60Title Company Fee: $136So my total closing costs were $738.11 or 1.03% of the purchase price.I'll try to dig up my last flip that I did in California to give you an idea of what I paid there.
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4 April 2024 | 18 replies
My partner and I worked with tax lien and tax deed investments for a couple years (2017 - 2019) and will continue to do that on the side.
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3 April 2024 | 17 replies
If you have equity, consider pulling out money to invest with a home equity line of credit.Also, because you have a schedule that can allow you to actively work as a Realtor, I would encourage you to get your real estate license, as I did, and begin networking with other local investors and helping your sphere of influence buy, sell, and invest.