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13 February 2024 | 25 replies
It will be almost impossible to lose the property and the cash flow will still be at least slightly tax advantaged because of depreciation.
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10 February 2024 | 12 replies
But they won't typically cash flow at all at 20 to 25% down, especially with the significant rise in property taxes in Madison.Which zip code in Madison?
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12 February 2024 | 4 replies
However, I usually keep depreciation off the balance sheet until I can see the tax return and I go back and add it for the previous year.
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12 February 2024 | 4 replies
I heard that this can be beneficial for the seller cause it can help them avoid tax obligations.
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13 February 2024 | 13 replies
This is where we have income requirements such as the "two years of tax returns".Portfolio - I'll define these loans as loans that come from the bank's own "portfolio" of money.
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13 February 2024 | 1 reply
.- Avoiding Hefty Tax Burdens: By spreading out the sale over time, you may mitigate the impact of capital gains taxes, making seller financing a tax-efficient option.- Legacy Planning: If you're concerned about leaving a lump sum to your heirs, seller financing allows you to pass on your wealth gradually, ensuring financial stability for your loved ones.- Minimal Hassle: Seller financing eliminates the need for bank involvement, reducing paperwork and streamlining the sales process.- Assured Sale: Choosing seller financing may attract a broader pool of potential buyers, beyond myself, increasing the likelihood of a successful sale.I believe that by working together, we can find a solution that benefits both of us.
13 February 2024 | 1 reply
Hi Guys, Need some help.I own a condo and a triplex (both put down 20 percent in December 2021)They are both on variable interest (which was a terrible move looking back now as both monthly payments have gone up by at least $1000.I work in real estate as a project manager for renovations on apartment units.How do i make real estate investing (on my own) or another career path in real estate an option as i want to work for myself.I am from canada and would love to learn more on analyzing properties, tax strategies etc.thanks
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13 February 2024 | 1 reply
These associations often have meetings and events where you can learn about the market and find potential deals.Public Records and MLS: Look into accessing public records in your area to find properties that might be in pre-foreclosure, foreclosure, or are tax delinquent.
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13 February 2024 | 5 replies
Yet, interest payment on mortgage offsets the rental income (I don't want to pay income tax on rent), and there is a chance of refi later.
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13 February 2024 | 28 replies
That means that whatever the sum of the Principal + Interest + Monthly Taxes + Monthly Insurance comes out to be, as long as the rental income exceeds that then it will qualify.