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18 March 2024 | 7 replies
For more precise estimates of rental revenue, think about speaking with nearby property managers or real estate brokers that focus on rental properties.Closing costs: Compute the closing expenses for the duplex purchase, taking into account attorney fees, title insurance, property taxes, appraisal fees, and loan origination fees.
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18 March 2024 | 3 replies
I thought maybe she’d like the increased income and reduced liability as she approaches 90 years old but I see the tax issues might be too big an obstacle as she does seem pretty well off.
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17 March 2024 | 23 replies
Perfect, then, as long as the property can afford the debt, most DSCR lenders won't have an issue.
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17 March 2024 | 9 replies
I am wondering what are the tax implications for this individuals (most of them are from Spain).
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16 March 2024 | 1 reply
is it illegal to sell my Tax Deed by quit quitclaim Deed?
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17 March 2024 | 1 reply
I have an 8-5 that brings in just under 100k and I work as a part time realtor(sold 3 houses last year and had a rental deal too) and I bartend most Sat nights(300 a night, working 4-11)If I sell the 2 family, after 15% cap gains and 2% to the buyer agent and lawyer fee and pay off all our debt(wife and myself, not mortgages) We would have about 150k left over.If I sell the cabin, after agent fees and cap gains we’ll probably walk with 60k.Would keep pushing forward?
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17 March 2024 | 16 replies
Is this more for tax strategy or asset protection?
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17 March 2024 | 6 replies
I intend to focus on the BRRRR method primarily, but am open to learning all kinds of other strategies including tax lien deed investing, foreclosure purchasing, and anything else that may help achieve both my short and long term goals.
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15 March 2024 | 1 reply
Hello, I wanted to find out details about steps needed to get the Tax deeds after winning tax Lien certificates at an IL County Auction.