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18 March 2024 | 3 replies
I thought maybe she’d like the increased income and reduced liability as she approaches 90 years old but I see the tax issues might be too big an obstacle as she does seem pretty well off.
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20 March 2024 | 14 replies
Landlord friendly, some of the lowest property taxes in the nation and positive job and population growth.
20 March 2024 | 2 replies
However, two oversights have affected my calculations: (Both dumb mistakes I can only blame myself for)Higher-than-expected property taxes and municipal fees in University Heights compared to Cleveland proper.Overly optimistic rental income estimates.After adjusting for these factors, including property management costs and other expenses, the revised cash-on-cash return is about $12,000 annually, slightly over 5%.
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19 March 2024 | 12 replies
Flipping is active income, not investing, and it is taxed as such.
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20 March 2024 | 10 replies
This will reduce your turn times allowing you to scale much quicker... not to mention reduce the unknow variables that come from having to wait for longer seasoning periods.The main benefit I see with a DSCR Loan is you don’t have to provide your tax returns and provide the documentation on all your other properties.
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19 March 2024 | 1 reply
Hey guys i have a question about refinancing... i have a deal now 110 k condo i running the number this is a olace with no equity but i cash flow i can get $1800 market rate and section 8 around $2000protpey tax 1500 annual 250 hoa snd now depending on the loan now my question how can i get my money back and which loan or mortgage to take if i put 20% 20% down??
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20 March 2024 | 175 replies
And a sure way to make nothing or lose.. you may make the 10k but that's a razor thin margin and no room for error taking on a ton of liability and risk for very little return.
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19 March 2024 | 21 replies
I'd like to get some tax advice from them.
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19 March 2024 | 12 replies
It's a sweet tax break for sure.
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19 March 2024 | 6 replies
Plus, since our guests stay for more than 30 days, we're not subject to the short term tourist tax & licensing.