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30 June 2024 | 11 replies
@Val Jaz depends on the size of the property.
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27 June 2024 | 4 replies
I am also aware of doing a 1031 at some point.My biggest question is taxes if I were to sell.
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30 June 2024 | 54 replies
@Carlos Ptriawanyep great points.appraisals depend on comps and comps depend on appraisals... until someone comes along with a bunch of cash and sets the new comp.
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1 July 2024 | 1 reply
The market rent puts all three together at approximately $2900 monthly.Now here are the details and costs behind the acquisition:Property taxes: $5000 yearlyInsurance estimate for all three: $3,300 yearlyC-class properties (not best location, their condition is about average - older properties)Purchase price: $250,000k$15k down and $235k seller financed at 6% interest for 30 years. 5-year PPP.
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1 July 2024 | 6 replies
The exact amount depends on the purchase price, leverage, holding costs, and size of the rehab.
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28 June 2024 | 1 reply
Interest Rate: 4.25%Years Left on Loan: 26Estimated Monthly Rent: $1,750Annual HOA Expense: $2,268Annual Taxes: $1,746Annual Insurance: $1,674My concern with the numbers above is depending on capital expenditure projects and vacancy, we may not be able to cashflow.
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29 June 2024 | 9 replies
I've read other threads on the topic and it seems like the obvious answer is that it depends, as doing bi-weekly pays off your mortgage faster but means less available cash for other investments.Say we have a typical Cleveland property worth around 150K, assume the monthly PIMI is $1000 and that annual cashflow is $5000.
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30 June 2024 | 4 replies
Then together take it to market depending on what that research shows and client needs.
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30 June 2024 | 1 reply
Looking for some creative advice that hopefully minimizes the tax bite.My business partner and I own two houses free and clear in our LLC.
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1 July 2024 | 6 replies
Hey Damion, This will depend on several factors. 1.