14 October 2018 | 2 replies
Citizen you don't get 5 million U.S. dollar tax exemption and it doesn't seem likely possible to have an workaround for this (e.g. living trust)My dad, who is age 65, doesn't speak English ,invested about 7 million U.S dollar worth of property in commercial and residential property(houses, stores, offices) , from his personal fund a few years ago, investment are doing fine ,however, recently I discover that there is no way for him to leave his asset to me after he passed away without an heavy tax because he is Chinese national, I asked with my dad's accountant ,property manager, and Everwill , they have no clue how to solve this problem and Everwill told me the living trust will not able to help on estate tax if he is not a U.S.
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3 December 2018 | 27 replies
I would think 10% is too low since that doesn't take into account the 1-month rent you pay to find a new tenant.
23 October 2018 | 7 replies
JeffListing Price:$159,000 INCOMERental Income$1,748 $.85/sqft.Garage$0 Laundry$0 Storage$0 Misc$0 Total Monthly Income$1,748 EXPENSESTaxes, Property$350 Insurance$100 UtilitiesElectric$0 Water$100 Sewer$50 Gas$0 Garbage$0 HOA$0 Lawn/Snow$0 Vacancy$100 Repairs$100 "Capital Expenditures (i.e. new roof)"$150 Property Mgr $0 Mortgage $705 Total Monthly Expenses $1,655 CASH FLOWIncome $1,748 Expenses ($1,655)Total Monthly Cashflow $93 CASH-ON-CASH ROIDown Payment $15,900 10%Closing Costs $5,000 Rehab Budget$5,000 Misc, Other $0 Total Investment $25,900 Annual Cashflow $1,111 Cash to Start: $25,900 Cash-on-Cash ROI 4.29%
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15 October 2018 | 8 replies
Rents are secure in multi unit blue collar and for me following the last dip in 2008 I still raised rents annually.
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14 October 2018 | 2 replies
You should be able to turn the free cash and deferred tax into $60 - $80K net of all expenses annually without banking on the back end and still getting depreciation the rest of the way. 3.
13 October 2018 | 1 reply
The free service, for landlords with two or less properties, tracks expenses, profit/loss, etc. of your rental properties ($50 fee if greater than two) but it requires linking accounts in order to automatically track and categorize expenses for you.I’m always uneasy when a website requires linking bank accounts.
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30 October 2018 | 13 replies
Note - Kansas City Missouri is getting very landlord unfriendlycurrently, you have to register as a landlord and its free but they also just passed a new ordinance that starts in January that requires you to register for a fee annually and be subject to tenant complaint and random interior inspections.It is my understanding both with run side by side, which seems stupid and redundant.They are also working on a new 5 year housing policyOne thing they are looking at there is that you will not be able to discriminate based on source of income.
13 October 2018 | 1 reply
I've been presented with an opportunity to invest in a 7 acre parcel on a mountain in NC, and need some help evaluating it. 10% annual return on the $175k initial investment, and 50% of the net proceeds of each lot sale (12-14 lots).
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24 October 2018 | 16 replies
to my knowledge a Accredited investor is defined as someone who has annual income of $200,000, or $300,000 for joint income, for the last two years with the expectation of earning the same or higher income.
14 October 2018 | 9 replies
The fact that you have not raised your present tenants rent annually is a clear indication you are not yet ready to be a investor.