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19 March 2024 | 16 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
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19 March 2024 | 16 replies
@Mitrah Rasti the deed and loan are separate issues.Your partner should be able Quit Claim her ownership to you without triggering the lender's due on sale clause - as one of the lendees (you) will still be on the deed.You should check with your local municipality to make sure how this may impact your property taxes.You should also check with a tax professional to see if there will be any income tax impacts of the Quit Claim.Lastly, NONE of this will remove your partner's name from the loan.
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19 March 2024 | 46 replies
I think most of his flips are in inexpensive cities like Cleveland, Detroit area, etc. https://flipsystem.com/faq/I think $10,000 to $20,000 (before IRS taxes) is a really small profit margin.
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16 March 2024 | 1 reply
Hi everyone, if you're an STR owner in Vermont or looking to buy one in Vermont, I wanted to share that the state's Ways and Means Committee is considering imposing a new 10% tax that would be on top of the tourist room and board tax that already exists.
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16 March 2024 | 3 replies
I currently bought my first Duplex in my home state of Michigan and I'm looking for a tax advisor/strategist to help me get the most out of my investment.
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18 March 2024 | 10 replies
Following the 4% rule, $2M invested conservatively is like $80k before taxes.
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18 March 2024 | 4 replies
I get the feeling you aren't paying taxes on your unreported income, which is against the law.
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19 March 2024 | 20 replies
a lot of times the numbers in those lower cost areas will look great on paper... and then 10 years of cash flow will get consumed by capex, vacancy, turnover, tax increases.
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18 March 2024 | 11 replies
I am a licensed realtor here in Los Angeles, don't want to deal with the exodus of insurance companies and difficulty getting insurance and keeping it after a claim, tenant landlord laws being heavily in favor of tennants, exorbitant property taxes and minimal RTP among a few other factors with these being the most inspiration to take my money out of california.