10 April 2024 | 16 replies
If you simply slow it down just a bit you'll also be able to keep the tax on profit deferred and use it for your own growth with 1031 exchanges.Instead of buying fixing and then selling to ratchet up slowly.
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8 April 2024 | 8 replies
I've interviewed like 4 CPAs/tax strategist this year and it's difficult because I know I'm not always comparing apples to apples.
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8 April 2024 | 5 replies
If so, you could consider that tax savings.
8 April 2024 | 2 replies
@Dominick Tonnarini, The only issue with your plan is that you will have to pay a sizable tax on the sale of that property when you do sell.
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9 April 2024 | 19 replies
If renters have to bring their own stuff, they're less likely to bounce because they'd have to move all their own stuff.)Month-to-month-- Principal, interest, taxes and insurance (PITI). -- You'll keep back maybe 5% of all rents for routine maintenance and another 5% for capX (big expenses like roof or furnace replacement).
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8 April 2024 | 9 replies
Can my sister and I donate land my deceased parents received deeds through in tax sales?
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8 April 2024 | 0 replies
Debt hanging over me makes me have to take xanax or drink tooty fruity drinks all day.
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8 April 2024 | 1 reply
You don’t necessarily need to be local but there are also misconceptions and rules to follow:https://www.biggerpockets.com/forums/530/topics/1056436-clearing-up-confusion-on-tax-treatment-of-short-term-rentals
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8 April 2024 | 9 replies
The 70% rule is indeed a common guideline used to evaluate BRRRR deals, ensuring that you can potentially pull most of your money out on refinance.When lenders offer DSCR (Debt Service Coverage Ratio) loans at 75% LTV (Loan-to-Value), it can change your analysis slightly.
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6 April 2024 | 17 replies
I'm glad to hear you've had success, though I think tax liens and tax deeds are different animals.