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12 March 2024 | 12 replies
It may be worth consulting with a real estate advisor or financial planner to help you determine the best approach for your situation.
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13 March 2024 | 12 replies
A single-member LLC provides protection while allowing you to report business income on your personal taxes.
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14 March 2024 | 18 replies
Additionally, for rate-term refinances, many DSCR lenders have no seasoning requirements at all.Easier qualification: DSCR lenders have much lighter qualification requirements than conventional or portfolio lenders, such as no DTI, income verification, or tax return hurdles that can slow down or disqualify loansFlexibility: While conventional and bank lenders are heavily regulated and follow standardized rules, DSCR lenders have much more flexibility and control over their guidelines.
13 March 2024 | 4 replies
Are there other creative tax strategies that involve real estate that I should be looking into?
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13 March 2024 | 6 replies
The state forecloses when taxes are delinquent for the most part.
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13 March 2024 | 2 replies
Nevada's Taxes: - Nevada's property taxes DO NOT reassess on the sale. - No state income tax. 3.
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13 March 2024 | 16 replies
Many nuances to all this but ... consult with a local roofer that you TRUST for the details.
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14 March 2024 | 18 replies
Costs for the home are more than the mortgage, you have property taxes, insurance and for rentals vacancies.
13 March 2024 | 70 replies
The seller needs moving money, there are oftentimes an arrears that has to be paid on the loan, there are oftentimes HOA fees that are due, there are title costs, there are escrow costs, usually there is deferred maintenance, you have to make mortgage payments out of pocket until you get a renter in there, you have to pay utilities and taxes, and you need reserves in case it all doesn't go as planned.3.
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11 March 2024 | 10 replies
However, I'm looking for recommendations for a tax professional/CPA in the Seattle, WA area preferably the Kent, WA area.