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7 March 2024 | 7 replies
If you held them less than 1 year you would pay at your income tax bracket but if you held them over a year you would pay LTCG (Long-term capital gains) which for most people is 15%.You'll always be able to add money back into a brokerage account regardless of whether it's the LLCs or your own.Hope this helps
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7 March 2024 | 3 replies
If you get a signed lease for your rental home, your lender will be able to use that rental income as qualifying income for your loan to get your househack.
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6 March 2024 | 12 replies
From my experience, most property managers charge the following:-6%-10% of the gross rents-Cost of turnover-Mark up on all repairs-Costs to renew leasesCould you self manage?
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7 March 2024 | 15 replies
As long as all of your expenses are about $500+ less than the rental income I'd say it definitely makes sense to keep as a rental.
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7 March 2024 | 10 replies
My recommendation if you decide to invest out of state is to choose cities in safe and economically diversified areas with above-average income and population growth.
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7 March 2024 | 38 replies
You can/should sell if you don’t want the steady rental income and you don’t plan on investing in real estate for the rest of your life.
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6 March 2024 | 9 replies
Full details on the project are available including project description & costs, 3-year income/expense spreadsheet & photos.
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4 March 2024 | 12 replies
Is this rental income just added on as income during filing in addition to my income from my main job?
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7 March 2024 | 5 replies
Section 8 is guaranteed income on the first, allowing me to scale my business.
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7 March 2024 | 0 replies
The low income population the drafters are trying to help are already, in large, being given 60 day notices as most utilize the AK sect 8 voucher system.