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1 March 2024 | 8 replies
I'm interested in investing in Idaho, but I have zero experience with Idaho taxes (or state income tax at all for that matter).Questions:I've heard that property taxes in Idaho are higher for out of state owners vs. residents (i.e. a house could cost $2K in annual taxes for a resident, but may be $3K for an out-of-state owner).
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1 March 2024 | 4 replies
Also wondering if anyone is aware of the tax implications for residing in California and owning property in NY.
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2 March 2024 | 3 replies
BRRRR Be VERY VERY careful FL is in a bubble and IMO its going to burst.
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1 March 2024 | 5 replies
One of the ways we have been doing that in our multifamily properties is by adding sub-meters to the water lines of each apartment and passing the water usage costs along to the residents.
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1 March 2024 | 8 replies
Truth be told I think Wyoming is a waste of money, you will have to sign the mortgage anyways so you won’t have any anonymity.The whole anonymity thing blows my mind - honestly people don’t care and all these stories about attorneys etc oh they will find you and see what assets you have / they can run a nexus Lexus report on you and find that out anyways..
2 March 2024 | 7 replies
Getting those taken care of now.
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2 March 2024 | 4 replies
It is my understanding that if you rent by the room in your personal residence that you are still entitled to the entire 250K tax benefit if you lived there for two years (regardless of whether a spare room was rented or not)And I am speaking in terms of a single family home ONLY.
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2 March 2024 | 6 replies
.) ($115k times 5 times 3.636363% = $20,909 @ 25% = $5,227)So my WAG = $22,477 taxes owed federal plus any state taxes where you and/or the property reside.
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1 March 2024 | 28 replies
There are some very creative ways to transfer dollars into their IRAs, but can be in the grey area which I want to be very careful of.
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1 March 2024 | 3 replies
What are the important things I am looking for or considering when trying to find a lender for a primary residence?