19 February 2024 | 9 replies
Remember you have to pay income taxes on your profit, figure 20% for that....
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18 February 2024 | 47 replies
I want to get at least one passive income generator under my belt and then do a few flips for some active income. - my questions are: where do I start?
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19 February 2024 | 5 replies
Keep in mind by building and then selling the home you are going to be taxed at STCG (effectively ordinary income) whereas the land, could be taxed at LTCG.
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19 February 2024 | 0 replies
By accelerating your depreciation schedules, you reduce your taxable income which in turn increases your operating cash flow.
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19 February 2024 | 9 replies
That income you are making now, is already being eroded by inflation and will continue to be eroded as rates fall.The answer to all of our financial problems is cash.
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19 February 2024 | 6 replies
From a lender perspective, multi family is also a great strategy as the income of the other unit(s) will help you to qualify for a higher purchase price.
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16 February 2024 | 0 replies
Purchase price: $1,100,000 A low-income 42 unit apartment complex built in the 60's.
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17 February 2024 | 7 replies
As you get more accustomed to the rehab process, you can gradually take on more complex projects.
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18 February 2024 | 11 replies
I would also make sure to know what type of financing you will be using--the traditional choice is a second home loan, but this doesn't allow you to use future rental income to qualify.
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18 February 2024 | 1 reply
While I can’t entirely say for credit score, a good rule of thumb I’ve found is to have paystubs that verify 3x rental income in monthly income for whatever tenants are paying for property.