Today, let's discuss property tax assessments.

Hi all,I believe it is common to have a situation where one spouse brings in majority of the W2 income and the other is either a stay-at-home parent, works part time, etc. and they can easily qualify as an RE professional for tax reasons.  

Hello BP,I’m just learning about 100% bonus depreciation and how Trump pays no taxes… who qualifies for that?

I actually sell on owner finance but still need to track insurance and tax payments.

With HOA and other expenses like insurance, taxes, it will generate around negative cash flow of around 700 dollars per month.

So, if something goes wrong, now you've got a loan on your house that you may not be able to immediately payoff.As mentioned, don't forget about your taxes. 

I am interested in investing in Tax Deeds, but I'm skeptical of the technicalities of it that I'm uneducated about.

Everyone has different thresholds of risk and understandings of the benefits of real estate, we can go down a rabbit hole around tax advantages.

If they charge more its considered an illegal tax.

You're new mortgage, taxes, insurance, and hoa will equal $800, so you'll have a positive $200 cash flow each month.