Dan N.
Question about CA Prop 19
11 February 2024 | 1 reply
We decided we'd like to transfer ownership to our children so we can help them avoid the new Proposition 19 law that requires property tax reassessment upon inheritance.
Behzad Sharifi
Why properties more than 300k doesn’t make cash flow?
11 February 2024 | 32 replies
Quotas, bans outrageous taxes.
Kristen Chuy
Newbie trying to navigate off-market purchase from parent
11 February 2024 | 2 replies
I’ve been trying to find more info on if I would qualify for the parent-child tax exclusion through Prop 19.
Jarred L.
Confused on what to do (variable interest rate)
11 February 2024 | 3 replies
I got in when interest rates were great but i took variable and unfortunately the rates have gone up and my monthly payments have gone up almost 1400$ from 2 years ago. the plan was to refinance which is why i took variable but i never did as i was not sure what to do. right now the 3 units bring in a total of $3900 but the mortgage payments, insurance and taxes alone add up to about 4.1k.one of the units is a 1 bedroom where the man who has been living there for 28 years is only paying 580$.my main question is what do i do?
John Kim
Question about Purchasing with Existing Tenants and Strong Rental Prices
11 February 2024 | 2 replies
For example garbage/refuse may be included in property taxes in one town but a separate fee in another town.
Mario Morales
landlord insurance premium tax deductible?
9 February 2024 | 5 replies
Yes, Insurance is a tax write-off for a rental property.It is also true, that if expenses are higher than your income(not including depreciation) that it may lower your DTI Ratio.
James Carlson
Colorado's push to increase STR taxes is softening
9 February 2024 | 20 replies
It seems to me like the push to quadruple Colorado STR property taxes is softening quite a bit.
Collin Perry
California Proposition 19
11 February 2024 | 4 replies
Proposition 19 is making the Tax Assessors Big Brother.
Armando Carrera
Advice on Down Payment
11 February 2024 | 4 replies
If 1-2 stopped paying you want 10 properties, not 2 or 3.)Today’s Bill has about $3k/mo in property taxes/insurance due on those same properties (thank you Las Vegas.) that I could pay.Ps.
Jonathan Weinberger
Today I fired the Own It Detroit team after spending over $800k with them.
12 February 2024 | 60 replies
My strategy is more about wealth building through appreciation (forced and natural), principle pay down, depreciation tax benefits, and cash flow eventually as rents increase, but not usually immediately.