However, the cashflow is unlikely to make up for the increased equity gains, reduced vacancies, tax deductions, and other benefits that come from diversifying.I recommend you build a strong foundational understanding of real estate investing.1.

Am looking to buy a multi unit property in Columbus and trying to estimate what the property tax would be.I checked in the Franklin county assessor website and was able to find a property tax estimator.

Again, I will leave the details to your tax pro.

I work a fulltime job as well and make about $13000 a month after tax.

BTW, you must get a phila tax ID first, then a commercial activity license, and finally a rental license.Hope this helpshttps://www.phila.gov/services/permits-violations-licenses/g...https://www.phila.gov/services/permits-violations-licenses/g...https://www.phila.gov/services/payments-assistance-taxes/tax... 

I saw the 2024 limits for giving a gift tax free is 18k..

I thought going in that we would start an LLC but have come to learn that LLC's have very limited lending options for real estate and that our LLC would require us to file taxes as a business because there are 2 of us.

As I continue my renovation journey and explore ways to enhance my home's value and appeal while saving money on insurance costs, I would appreciate any insights, tips, or advice you have to share.Thank you for joining me on this journey, and I look forward to hearing your thoughts and experiences as I continue to navigate the world of homeownership and real estate investing in Florida.

But second, you’re also making your tax free gain, taxable.

Sort of.When a lender agrees to a DIL, they will own the property subject to all other loans, liens, possible lawsuits, and taxes due.