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26 February 2024 | 4 replies
Property taxes here around around $10k/yr so around $800/month.
26 February 2024 | 11 replies
So far, I am in the midst of purchasing a couple of mortgages and I have purchased tax liens and deeds.
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26 February 2024 | 13 replies
I am also including the taxes and insurance while running the numbers.
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26 February 2024 | 3 replies
.- Document everything (receipts for taxes, all the work that you did yourself via photos and video, and your expenses in an excel sheet to make sure you're on track.
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26 February 2024 | 42 replies
Unexpected thing is actually coming from property tax rather than the performance of the STR itself, we still get 99.99999% fully booked.
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26 February 2024 | 13 replies
I like Texas, but the only thing that holds me back is the higher property taxes compared to North Carolina.1- Money: ok to spend 200-300K (prefer to put only 20-30% down) and invest in a couple of properties than buying one in cash2- Prefer cash flow (of course, appreciation would also be great)3-Prefer SFH over duplex just because with SFH (in a good neighborhood), I probably would have less headache and dramaHere are my questions:1- Which city do you invest in and why?
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26 February 2024 | 1 reply
From paper this looks good, but even with that, wouldn't the tax kill all of this effort if I also gone this direction?
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26 February 2024 | 0 replies
The first two years of taxes were paid but the most recent was not.
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26 February 2024 | 4 replies
@Tyler Sherman review Form 8582 in your tax return.
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26 February 2024 | 8 replies
@Justin BrownThe only thing I would add, is the house hack strategy's underlying timelines is long term.Do play out the next 5 years with cost, rent, and appreciation increase.Don't forget the tax advantages as the cherry on top.