Kim Porciuncula
Australian investor looking into Detroit, Michigan
11 March 2024 | 19 replies
@Kim Porciuncula we manage almost 700 doors, around 100 of them S8 and have clients from 11 different countries.You'll probably also need assistance with setting up an ITIN, Michigan LLC, corresponding EIN and opening a USA bank account - we have a tax attorney that can handle all that.PM us for additional assistance.
Gene Jung
Certain amount: looking for investment opportunity
15 March 2024 | 31 replies
Or the option to refi in a few years and get another in the same situation, with tax free money.
Matthew Anderson
Considering a Refi and Sale of a Flip
12 March 2024 | 24 replies
It will, depending on the financing, rents are strong in that area.Let's say you take a mortgage of 600k (75% of your ARV) Taxes - 5k Annually Insurance 2k Annually Rate - 7.5% 30 Year Fixed Your PITI payment would be $4,778.62If the lender is using a DSCR of 1.1 - you would need actual / market rent of $5,256.48 to qualify for a 75% LTV loan.
Manny Pascual
New Real Estate Investor
12 March 2024 | 6 replies
Be sure you understand the tax benefits and the errors that are often made that limit those tax benefits or come back to bite.
Walt Viera
New Member starting late with little
13 March 2024 | 28 replies
Factor in ALL expenses like property taxes, insurance, repairs, maintenance, vacancy rates, and potential property management fees.2.
Partap A.
Landlord rights (Property management not sharing tenant info)
12 March 2024 | 17 replies
I had verbally asked this question prior to signing the agreement but due to miscommunication it was misunderstood by the PM.
AS Chow
Know A Good DST Company ?
12 March 2024 | 29 replies
DST providers/literature often cite that though the return is low, when combined with the tax deferred benefit, it’s better than selling an asset, paying the capital gains, and reinvesting in a normal syndication.
Kyle Kline
Financing Options for BRRRR Method?
13 March 2024 | 11 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
John Ciallella
Can I buy in my name and transfer to LLC?
13 March 2024 | 17 replies
You are making almost everyone more complicated and expensive regarding banking and tax preparation.
Noah Clark
NY/NJ Newbie and CPA Advice
13 March 2024 | 13 replies
Correct, CPA license outside of Accounting/Assurance/Tax/Consulting won't mean much.