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3 March 2024 | 7 replies
Location is not an issue as most of them remotely assist RE clients with their tax planning and accounting.
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4 March 2024 | 9 replies
This would allow you to put 3% down on FHA loan and rent out the others to offset, hopefully cover, your mortgage payment + taxes + insurance.
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4 March 2024 | 11 replies
Townhome cost about $250/mo (mortgage, tax, insurance,) less.
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4 March 2024 | 10 replies
I have to bring my trust documents, my operating agreement, tax returns, the IRS EIN document.
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4 March 2024 | 13 replies
Do you have a current need for that cash flow generated from the tax savings?
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3 March 2024 | 4 replies
Research rental comps in your target neighborhoods.Expense ratios: Repairs, vacancies, property taxes, insurance, property management fees, etc. can take a big chunk out of gross rents.
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3 March 2024 | 1 reply
All of these numbers seem low, especially property taxes if this is in TEXAS:Vacancy $105.00 (3%)Repairs $105.00 (3%)Management $175.00 (5%)Property Taxes $66.67 (2%)What kind of unit is it?
4 March 2024 | 11 replies
@Erika Caba I think if at the end of the year when you can evaluate the situation as a whole with everything taken into consideration and are looking at your tax returns if your goals have been accomplished with this building, whether it’s positive cash flow, off setting W-2 income, whatever, then I’d say it’s too early to throw in the towel.
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3 March 2024 | 2 replies
With hard money loans (fix & flip loans) you don't need to be employed or show taxes and you would get say 80% of the purchase price + 100% of the rehab money to fix the property up.