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13 February 2024 | 2 replies
My goal is to learn tax deed investing specifically and start my financial freedom journey.
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13 February 2024 | 0 replies
Invest in the Dominican Republic:The Dominican Republic is one of the leaders in the entire Caribbean in terms of tourism, livestock, agriculture, and industries and will also be the Hublogistic in Punta CanaIf we make a comparison between other countries that have good tax benefits and return on investment, we can talk about these topics in a Zoom meeting where I can show you a graph of the tax benefits, return on investment, a natural and forced appreciation table that guarantees a defense against economic inflation and in favor of covering your capital+ The most important thing is the location when acquiring your property, you are not buying a house or an apartment, you are acquiring a location with development or in development that guarantees your investment+Each property has a number and our task as investors is to discover which is the appropriate number that can give us the return on investment that we are looking for.
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11 February 2024 | 2 replies
Is there deferred maintenance?
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12 February 2024 | 6 replies
It will cost hundreds of K just to get it operational...Insurance, property taxes, plenty of carry costs
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12 February 2024 | 12 replies
There are also tax considerations, such as depreciation and IRS Section 121 Exclusion.I would probably keep it as a rental for two years and then consider IRS Section 121 Exclusion; I would probably still keep it as a rental at that point, and if interest rates get below 6% I would consider a cash out refi to buy another investment property.If you do keep it as a rental I would recommend you pay for pool service, this is something that should not be passed on to the tenant as it can cost you big time if not properly maintained.
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13 February 2024 | 7 replies
Insurance companies often obtain the floor area from the tax assessor and base their coverage on that, @Ryan Fox.
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13 February 2024 | 1 reply
But mortgate interest can offset rent income (I don't want to pay tax on rental income).
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11 February 2024 | 9 replies
This could force your family to sell the property to pay taxes.
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12 February 2024 | 20 replies
I agree with the cost of high taxes it's hard to make a profit but not impossible.
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12 February 2024 | 2 replies
When they move out, you'll find multiple unreported maintenance issues, some of which may cause bigger problems due to the deferred maintenance.It's your property.