Scott Trench
Don't Get Comfortable - Mortgage Rates Could Very Well Rise in 2024
31 January 2024 | 41 replies
Already some well-known ones have paused or cancelled dividends or issued capital calls for large property tax increases, deferred capex they thought they would avoid by selling out before it hit, and so forth.
Account Closed
Ready to refinance and repeat
30 January 2024 | 12 replies
When calculating the income-to-expenses ratio (also known as the DSCR), you would want to consider your: Rental Income, Principal and Interest Mortgage Payment, Cost of Taxes, Cost of Insurance, and Cost of Management fees.
Patrick Flanagan
Building new multi family units
1 February 2024 | 17 replies
Which I’m targeting properties that have tax liens on them with the correct zoning.
Steve Lopez
Looking to start passive income in rental properties, with $200k in 401k
29 January 2024 | 28 replies
Definitely don't recommend doing an early distribution and paying the taxes and penalties.
Frank McGovern
closing costs in wholesale deal
29 January 2024 | 16 replies
That would need to be specifically addressed in the assignment though.Now it is common that in most real estate transactions that certain fees/expenses are paid for by the buyer (lending fees, half the escrow fee, appraisals, inspections, survey, and attorney fees for the deed of trust) and certain fees/expenses are paid by the seller (title insurance, half the escrow, prorated taxes, prorated rents, deposits, and attorney fees for the deed).Now it is common that in many wholesale transactions, the contract states that the buyer is elected to pay all closing costs.
Alfred Mills
Dallas/Fort Worth CPA Referral
29 January 2024 | 8 replies
I started flipping houses through my LLC last year and don't trust continuing to file my own taxes.
Julie Marquez
Fresher than Mint - Tracking Personal Finances
28 January 2024 | 22 replies
I use mint for budgeting and keeping track of my expenses, including those which are tax deductible, and find their system extremely intuitive.
Terri B.
Uncapping Property Taxes
26 January 2024 | 10 replies
Many banks handling tax escrow accounts for mortgages have mistakenly thought there was one tax due twice/year or totally missed one of the taxes.Investors should research the SEV and the Non-Homestead property tax millage rates to project what the property taxes will be after adjustment.
K James
Tax Questions for Garage Conversion (ADU) for Existing Rental - California
27 January 2024 | 2 replies
When and how do we account for my expenses on my taxes?
Jackie Lambert
Podcast specifically about RE Professional
29 January 2024 | 6 replies
Does anyone know if there is a specific podcast episode dedicated to this topic.... qualifying as a "Real Estate Professional" on your taxes?