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10 November 2021 | 6 replies
Not knowing those areas well is a problem, asking around or checking individual county's website is often slow too.I found that out by checking local county's tax calculator + found properties in the same area that's sold for similar pricing back in 2019 and how much they are taxed in 2020.I had the opposite for Las Vegas, where the numbers were higher than the truth.When you google, "property taxes in xyz" they only mention what an average property tax is in a given area, often that percentage has nothing to do with booming markets and does not indicate anything near what you'd be paying.Anyway, just curious if there's any service where I can just put the zip code and get the real property tax amount/percentage that I would be paying if I purchase a house in that area?
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28 October 2021 | 4 replies
I am also looking to learn about investments, BRRR, flips, etc. so would be great to connect with like minded individuals!
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11 December 2021 | 2 replies
There are numerous methods and ideas on how to go about the actual letter which I recommend watching/listening to some BP material to see what works for you.
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27 December 2021 | 3 replies
The commercial side of real estate is extremely different than the residential side where you will mainly be working with businesses rather than individuals and yes, the fees are definitely higher.
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3 November 2021 | 6 replies
Here's the response i've gotten from QI: The IRS has issued a Letter Ruling stating an individual can set up a disregarded sole member LLC to own the Replacement Property.
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1 November 2021 | 4 replies
As J Scott stated, the "lender" typically is not on title, the other entity with brains/brawn would hold title, you would hold the deed of trust and promissory note (plus personal guarantee rider from both individuals) against the property.Another structure option would be for you to also join in on title as a partner for an equity share in the deal and that can be structured in any format you all deem a win/win/win.
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1 December 2021 | 10 replies
The individuals that have been buying / bought in the past are seeing huge gains due to their best asset.TIME.I still believe it's the best strategy in real estate investing, you just have to be realistic with the type of financing you are using.Best of luck!
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28 October 2021 | 0 replies
The plan is paid for with new taxes on high-income individuals and businesses, but the most feared taxes on real estate investment were excluded.
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3 November 2021 | 8 replies
In the end, the individual neighborhood will determine potential rental income.
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11 November 2021 | 8 replies
If they were separately metered, each tenant would pay the $116.50 base fees and their individual use, which would be 3x higher than what they pay when sharing a meter.There are a lot of options out there, but don't make it more complicated than it needs to be.