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18 February 2024 | 3 replies
@Sara HabtomJ Scott's book pair about flipping and estimating flips was pretty comprehensive and no upselling.Amanda Han's two books on tax strategies were also pretty good starters.
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18 February 2024 | 4 replies
Good choice :)Being able to start a journey of deferring that tax will compound for you as long as you keep the new properties or do a 1031 whenever you sell one.
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18 February 2024 | 1 reply
Closing costs vary based on State and County for Taxes, Insurance, Doc stamps, transfer taxes, Title, and every Bank/Lender requires different points/hard costs.If you have any specific questions of if your just getting started feel free to message me or reach I out.
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19 February 2024 | 4 replies
- Aside from the following: Condo fee, tax, home owners insurance, hurricane insurance (is this in addition to home owners insurance)?
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18 February 2024 | 3 replies
., tax records for the parcel), but that takes some time, and some digging.
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19 February 2024 | 9 replies
unfortunately, our STR in Clovis revenue are now negative -- in the past yr, Clovis started asking for occupancy tax. this cost us $1300 every quarter .
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18 February 2024 | 3 replies
I would love to see the numbers: mortgage, insurance, taxes, rent.
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19 February 2024 | 38 replies
On the other hand, a SFH is generally farther from the water (I'm trying to stay within golf cart distance to the beach), has less amenities than a condo, and higher property taxes, but seems like it would offer more appreciation than a condo.
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17 February 2024 | 11 replies
Or you have to make some lifestyle changes to take full advantage of it (e.g. real estate professional tax status).
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17 February 2024 | 21 replies
Ensure you have a property management strategy for when you return to Charlotte.Legal and Tax Considerations: Consulting with a tax advisor and a real estate attorney will help you navigate tax implications and ensure legal compliance in both your investment and rental activities.Short-term Investment and Return Plan: Since you plan to return to Charlotte after a year, consider the short-term nature of your investment and its implications on your overall strategy.In summary, your strategy has potential, but success hinges on careful planning and navigating the financial, legal, and logistical aspects of real estate investments.Good luck with everything,KC