James Meyer
Physician and Solo 401 as Real Estate Agent
5 February 2024 | 10 replies
Another scenario I can think of is that my wife who is a stay-at-home mom can be a real estate agent and help with reducing tax burden by solo 401k.
Account Closed
HELOC/HELOAN on 2nd home
8 February 2024 | 2 replies
Basically kill your deal if they do not like it or feel there is a red flag.If you did not supply a tax return or lease they should not consider it a rental even if you do not own a primary home.
Matt W.
NC tax deed title issues
6 February 2024 | 4 replies
I am researching a property that is scheduled for tax foreclosure sale in Wilmington, North Carolina, New Hanover county.The law firm that handles the foreclosure for the county says that the property will come with a “non-warranty commissioners deed” but the paralegal could not really explain what that meant.The law firm also says that they WILL sell me title insurance at the time of purchase.
Jordi Valado
Help with Refinance
8 February 2024 | 16 replies
BUT you have less red tape, no tax returns, DTI, or employment checks are required.
William Roberts
In a deal analysis, what insurance amount for the input?
8 February 2024 | 3 replies
Calling a broker to get a ballpark like @Chris Seveney said or getting an online quote will always be the most accurate but if you want quick numbers - Nerdwallet has a "by zipcode" feature: https://www.nerdwallet.com/article/insurance/estimate-home-i...If you are working with a loan officer their different systems often auto estimate taxes and insurance as well - so you could ask them.
Matt Smith
OK to do 1031 exchange from an investment property?
8 February 2024 | 10 replies
Now you are looking to buy a property that may be overvalued or have to pay taxes to not do the 1031.Better is to get all important docs in the LOI stage prior to locking selections so you can feel good about the one or ones you plan on closing on.
Kate Lee
Seeking growing markets in Texas
6 February 2024 | 20 replies
Biggest thing to know about investing in Texas real estate is property taxes will severely impact monthly cashflow, but long term appreciation has been fantastic here, historically.
Melissa A.
Pros and Cons of Unpermitted Square Footage When it Comes to Property Taxes
6 February 2024 | 4 replies
My understanding on this is that if you build it unpermitted, the benefit at that time is that your property value likely won't increase because the square footage is not assessed to increase the value of your home and therefore the property taxes.
Ryan Beam
NE Ohio Accountant Recommendation
7 February 2024 | 12 replies
Looking for accountant referrals in the Cleveland/Akron/NE Ohio area with strong familiarity in investment property related tax matters.I'm planning to purchase my first investment property shortly, but I need an accountant to do tax preparation for my current retail business this year (Form 1065) and personal returns.
Daniel H.
Tax Strategist and Accountants?
5 February 2024 | 10 replies
My hope is to continue investing heavily into properties and utilizing their tax benefits!