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15 May 2024 | 17 replies
Work with local banks, credit unions, and loan brokers who know real estate deals.
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15 May 2024 | 6 replies
They were mostly fix and flippers who worked with tax foreclosures and HOA foreclosuresI have recently been doing research on tax liens and tax deeds, since they seem like the most realistic way for me to started with real estate investing.
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15 May 2024 | 2 replies
The property cannot be valued in the traditional way, which is why I'm seeking a private lender who will value the property in a commercial-style method via the cap rate.Source of down payment funds: Implied equity (refi)Income Source: W2 for both my wife and IGross annual income (between the 2 of us): ~$300kMonthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: Student loans, rent, and what exists for this tiny house.FICO: 725Credit issues: noneThanks for reading this far!
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16 May 2024 | 2 replies
Alos, I can't find the article, but I found one that really jumped into the numbers, and there's a lot of fees and taxes the hotel takes from your rentals that aren't shown up front.
17 May 2024 | 13 replies
More markets equals more time needed to track, meet with your team, travel to and from, tax season, etc.
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16 May 2024 | 7 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
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13 May 2024 | 9 replies
I owe approximately $2000 in property tax on that property.
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15 May 2024 | 8 replies
Currently, I'm focusing on building capital, saving, and investing to have more cash on hand until my next project, so for now, I'm simply educating myself on tax codes, financial investing, syndications, accounting, and creative ways to get involved in real estate investing.
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15 May 2024 | 9 replies
Talk with your tax accountant about primary residence 2 out of 5 years.
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15 May 2024 | 21 replies
But with the financed deal the renter pays the mortgage down allowing you to tap a percentage of the equity as a tax free loan.