Maryam Mostafa
If you have 100k of cash in the bank, how would YOU utilize it??
11 March 2024 | 13 replies
I’ve been doing BRRRRs in Memphis and Detroit since late 2020 and now have 9 doors across those markets. 100k with the right deals can allow you to scale to about 8 or so doors that all cash flow (after taxes, insurance, property management, mortgage) about 400-500/month each.
Michael Nelson
Are there any cash out refi options at 80/20 LTV?
11 March 2024 | 25 replies
Market rent for each is 1950-2100 (the 1600 tenant was there when I bought it and super low rent but great tenants so i made a plan with them to raise it to market over the next three years as the jump would be way to much all at once). mortgage currently with insurance and taxes escrowed is 2100.I have a really low rate which makes this decision hard but the equity would help me fund the next 2-3 deals and enable me to start scaling faster
Art Giacosa
How important is privacy when designing holding structure?
10 March 2024 | 13 replies
Makes tax prep and financing more expensive, for almost zero benefit?
Wei Tang
Multifamily (6 Units - all 2b/1b) Investing in New Castle, PA
10 March 2024 | 2 replies
You can get RE taxes from town assessor.
Noah Bacon
Do you use the 1% rule on your rentals in 2023?
12 March 2024 | 40 replies
This is for tenant occupied or turnkey properties that I want to cashflow, not hold for losses, deductions, or depreciation to offset taxes.
Sheena Drake
STR in Branson/Kimberling City Missouri
11 March 2024 | 21 replies
Missouri sales tax license is in effect at all times.8.
Keegan Darby
Math on a holding vs selling
9 March 2024 | 2 replies
So, after paying off the mortgage, would net $58k (and wouldn't pay capital gains taxes as I have so many losses from previous years).
Brandi Baker
I am trying to change my mindset and be more open.
10 March 2024 | 1 reply
I live in California so the properties got appraised and now have been raised in property tax I am the sole beneficiary.Not the executor trustee The Trust says I do not receive the whole estate until Im 65 I am 49.My Aunt is the Trustee she does not own her own home and works a minimal paying job.
Chris Magistrado
The 2024 Akiya Movement: Rebuilding Abandon Japanese Homes
9 March 2024 | 10 replies
I can't say that same logic applies to JP, but it's a place to start.Also, are you going to be hit by inheritance tax on the home?
Larry M Shepherd
401k Withdraw for first REI? Good idea or stay away?
9 March 2024 | 3 replies
I know there will be taxes and fees I must pay to do this.