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14 February 2025 | 8 replies
@Palak Patel copied from our website, so use what's useful for you:_________________________________________________________________________Below is more information about what our Applications Department does to screen applicants and find the best tenants possible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of another applicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then taking several days to submit.
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5 February 2025 | 4 replies
@Drake BackmanBigger Pockets is a great place to find a tax strategist specializing in real estate taxation.A good real estate tax strategist can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding a tax strategist specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your tax strategist remotely to expand your options.I would also recommend looking for a tax strategist willing to work with you throughout the year.
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27 February 2025 | 4 replies
Jealous you're off to New Zealand!
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7 February 2025 | 22 replies
Some are owned by my ROTH IRA and are making tax free cashflow.
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20 January 2025 | 31 replies
This would help you get going.You might be able to make these a little nicer and force appreciation and a little higher rent.Either way rents will go up over time and the mortgage with remain constant.Maybe even make one unit a STR which could see higher income.I'd be ok with break even or a little bit negative on a Quad given you have 4 properties in one.If you're only breaking even you still have depreciation and other tax write off to help you out.I usually make people 3 offers.
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28 January 2025 | 0 replies
Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.
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18 February 2025 | 1 reply
I have an off market opportunity for a 3 plex that I’m looking at.
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17 February 2025 | 10 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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13 January 2025 | 19 replies
But I would have the HELOC paid off.
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21 January 2025 | 8 replies
I have recently started writing down addresses of run down or abandoned properties that I would like to purchase, but I only have the owner's name.