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18 March 2024 | 3 replies
What's the ideal business structure in Texas for sole-owner, flipping business that offers anonymity, tax efficiency and asset protection?
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18 March 2024 | 8 replies
This is necessary to be able to garnish tax refunds in the event that you have to evict and get a judgement for non payment of rent.
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18 March 2024 | 3 replies
Here's a simplified and effective approach: Gather Information: Obtain details about the property, including its purchase price, estimated rental income, expenses (such as property taxes, insurance, maintenance costs, and property management fees), vacancy rate, and any financing terms (e.g., interest rate, down payment, loan term).Calculate Gross Rental Income: Determine the total potential rental income the property could generate annually.
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18 March 2024 | 2 replies
Hi,I am new to RE Investing and would like to check if following numbers makes sense or am I missing anything:Property Details : 3/2 TownhomeIncome: $2800Expenses = $2700 (approx)Here is the break down.Mortgage + Tax +Insurance = 1800HOA = 265Vacancy = 5 % per month = 140Repairs + Cap Ex = 200PM = 10% per month = 280Total Cash Flow : $100I can get greater cash flow if I manage myself but I am not planning to do it.I am thinking of getting HELOC and buy a new primary residence and rent this one.
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18 March 2024 | 12 replies
Also, there's a big tax benefit from paying your primary home mortgage that you are missing out on when you rent.
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18 March 2024 | 2 replies
The problem is that I can't get a loan - I'm too good at taxes, and don't have enough income to qualify for conventional products, and don't have enough portfolio, cash/flow, or experience to get hard money.
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19 March 2024 | 19 replies
The "mail address" is where the property tax bill goes.Add to that LOI "CC: Owners of the ABC Trust" or "CC: Owners of 123 Property LLC," and date it when you send the email.
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19 March 2024 | 15 replies
That’s loan payment, property taxes, insurance, maintenance, utilities etc etc.
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19 March 2024 | 12 replies
Take into account elements like diversity, tax advantages, cash flow, and potential for appreciation.Determine Your Risk Tolerance: Investing in real estate entails some risks, such as shifting market conditions, vacant properties, and unforeseen costs.
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18 March 2024 | 18 replies
but you should always do a quick title preview to know what is on a home you might purchase at any tax sale or foreclosure sale.