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11 March 2024 | 12 replies
Prices are generally cheaper, there are no caps on rent increases and there are no property transfer taxes.
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11 March 2024 | 6 replies
We have land (already paid off and just pay property taxes) but just haven't bought the home to place on our property.
11 March 2024 | 9 replies
Some just make perpetual threatening phone calls.Some start court actions, so they get a money judgment which they can use to at least garnish state income taxes (you can't garnish federal returns).Property owners need to start asking PMCs HOW they will execute their services, so owner expectations can be better met:)
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11 March 2024 | 10 replies
Taxes DO NOT reassess on the sale. 2.
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10 March 2024 | 14 replies
Typically, getting into the 5-unit range can get overwhelming for people and take up too much of their time.A good real estate focused bookkeeper will save you a lot of time and headaches... especially during tax prep.
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11 March 2024 | 14 replies
I highly recommend it.If you have any other questions or need any bookkeeping or tax help, please feel free to reach out.
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8 March 2024 | 4 replies
(STR)I'm researching the best and most straightforward ways to structure this arrangement from a business and tax perspective.
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11 March 2024 | 13 replies
I’ve been doing BRRRRs in Memphis and Detroit since late 2020 and now have 9 doors across those markets. 100k with the right deals can allow you to scale to about 8 or so doors that all cash flow (after taxes, insurance, property management, mortgage) about 400-500/month each.
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10 March 2024 | 0 replies
At different price points in the retail investment market, smaller private investors often pay cash to leverage 1031 tax-deferred exchanges and focus on long-term investments for estate planning purposes.
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11 March 2024 | 25 replies
Market rent for each is 1950-2100 (the 1600 tenant was there when I bought it and super low rent but great tenants so i made a plan with them to raise it to market over the next three years as the jump would be way to much all at once). mortgage currently with insurance and taxes escrowed is 2100.I have a really low rate which makes this decision hard but the equity would help me fund the next 2-3 deals and enable me to start scaling faster