
15 March 2024 | 13 replies
Less affluent areas that will benefit greatly from occupancy taxes and tourism may be a better bet.

14 March 2024 | 11 replies
Our plan in the near term would be to use the cash-flow to buy additional properties every 1-2 years, increasing cash-flow so that we can live off that income after 10-15 years.Given our modest goal of $10K/month, I am leaning towards Option 2 which is to use cash to buy properties and in a few years re-evaluate financing.Here is one of the new construction duplex properties I am vetting right now:Purchase price: $360K for a duplex.Expected rents: $3300 monthlyInsurance + taxes: $500Vacancy, Maintenance + Capex, Property Management (25%): $800Net cashflow: ~2K/month (CoC ~7%)

15 March 2024 | 8 replies
That might be something to consider, and we got a tax break as well.

13 March 2024 | 2 replies
Doing so will provide liability protection and shield your personal assets from potential lawsuits or claims related to the property.
12 March 2024 | 1 reply
The only concern if doing quitclaim will trigger home reassessment, that will push property tax higher.Comments and suggestions are welcome.

15 March 2024 | 4 replies
It can be used as income the year after you collect if filed on tax returns and offers deductions as well to offset monies owed.

12 March 2024 | 0 replies
Investments in Opportunity Zones can offer great tax benefits, but when combined with a cost segregation study, the benefits can multiply.An Opportunity Zone are areas that struggle with poverty and lack the necessary access to economic opportunities.

15 March 2024 | 7 replies
Off the top of my head, I believe I'm paying them around 18% total commission (they charge 10% on all taxes, fees, cleaning etc).My question is - Should I relist my property now during dead season or wait until peak season?

14 March 2024 | 9 replies
Tax liens3.
13 March 2024 | 2 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.