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28 March 2024 | 0 replies
At the same time, non-necessary expenses such as entertainment and grooming services are 6% cheaper in Jackson, TN.With the cost of living in Jackson, TN being lower than both the state and national averages, along with housing prices significantly below the U.S average and low property taxes, it's no wonder that many see it as a great spot to invest in Real Estate.
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27 March 2024 | 1 reply
If there was no security deposit retained at the start of the lease, you could probably pursue this in small claims court.
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28 March 2024 | 16 replies
**Tax and Term-Free Loans**Are you leveraging the advantage of tax-free loans against your policy’s cash value, with the added benefit of no mandatory repayment terms?
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26 March 2024 | 5 replies
I stumbled on some information about short term rental tax benefits as it pertains to lowering W-2 Income.
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28 March 2024 | 1 reply
Yes, the right way as not to be taxed more on your property value.And do you need a bank account dedicated to the LLC?
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28 March 2024 | 6 replies
Location: Chesapeake, VA (large military town) Market Value: $360,000Loan Balance: $245,000Equity/Second position note: $115,000 (30 30-year amortization / 10-year Balloon Payment, 6.5% Interest, $727 monthly payment) - Bringing cash for this would save a ton of money for the buyer.Rate: 2.25%Years Left: 26Current Monthly payment: $1,300 (including taxes/insurance)Current Rent: $2,000Scenario 1: -If you were to purchase with a new VA loan at 7% interest at market value your monthly PITI would be approx.: $2,757-If you were to assume the loan and I carried the second note at the above terms your monthly PITI would be: $2,027Saving: $8,760 per year.Scenario 2:-If you were to bring the same $115,000 as a down payment on a conventional loan you would pay: $1,992-If you were to assume the loan and bring cash for equity position your monthly PITI would be: $1,300Saving: $8,304 (with no need to refi in the future)Since this is a hypothetical situation I'm going to give my number based on nat. average homeownership of 13.2 years.
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28 March 2024 | 3 replies
If you are interested in moving your entire portfolio, would you peel off (tax purposes) or dump everything?
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27 March 2024 | 6 replies
What are you doing so grossly negligent that your insurance company would not cover an insurance claim on ?
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28 March 2024 | 27 replies
But considering all the expenses (PM, leasing fees, cap reserve, maintenance, taxes, etc), it has been showing as negative cash flow.
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26 March 2024 | 9 replies
Does that include taxes and insurance?