What I don't like the most about Trenton City is the high property taxes in relation to the value.

My objective is to get enough passive income to eventually focus on investing and building myself as a business as my job/career instead of working for other people or companies.

To do that, they would gross up the offer price to include their closing fees like prepaid taxes, bank fees, title fees, etc.

JustinWith 500K cash, I would use most of it for one building if you can find a good cash-flowing one and the rest can be kept as reserves and/or private money lending.

Build a Financial FoundationImprove Your Credit Score: A good credit score helps in obtaining favorable financing terms.Save for a Down Payment: Start saving for a down payment on your first property.

Hi All,What are some tax implications to keep in mind for flipping a single-family home in California?

It is a great way to build your real estate portfolio…or at least start.

My DTI is off, if this rental income is not considered.Second catch, I had Cap-Ex on the Triplex and another property which I bought in ruin and stabilized, last tax year.

He motivated me to get going in tax liens.

File income tax returns.