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23 March 2024 | 9 replies
Having one asset per LLC will drive you and your accountant insane and when you realize they charge like $1000 min for LLC returns and you have 5 LLCs that the $5k tax will eats up 1/2 your cash flow you will be like oh boy…
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23 March 2024 | 10 replies
At today's rates I'm not sure it would cashflow by the time you add taxes, insurance, r&m reserves, etc.The average rate today on a 30-Year fixed is 7.38%.
23 March 2024 | 11 replies
When I first considered buying in the US I considered North Chicago as I know and like it but I'm aware of the high property taxes and question the longevity of the market there with a declining population and all that.I live overseas currently so any purchase will be remote for me and I will get it managed, I may never even see the place so I'm quite open to where I could buy.I wanted some thoughts on the best places to invest?
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23 March 2024 | 14 replies
My wife is currently studying for her real estate license, so we can perform a cost segregation study on the property when we buy one to reduce our tax burden for 2024.
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22 March 2024 | 10 replies
I have been researching dielectric unions like crazy today, but I'm very grateful for the tips received here!
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22 March 2024 | 2 replies
Ask for tips on how you can build credit, strengthen your financial standing, etc.3.
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23 March 2024 | 7 replies
Because of the protections an LLC offers in this space, I'd simply say my non-expert opinion would be to spend a little extra to make a separate LLC for this new home, for the legal protections & to make your taxes less of a headache for you.
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24 March 2024 | 8 replies
By building a seller credit into your offer, the seller can pay for ALL of your closing costs and prepaids, and you will get your earnest money back, plus any property tax proration credit as applicable.
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22 March 2024 | 88 replies
I know I'm tipping the sacred cow here, but cashflow is checkers, appreciation is chess.
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24 March 2024 | 15 replies
I ended up in a debt hole since the program cost me about $8000, then they introduce you to Prime corporate service to do your taxes for another 2k and then set up your business and registered agent stuff for another 2k.