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19 February 2024 | 20 replies
Do, they have the financial expertise to manage all of this exponential growth from the get-go?
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21 February 2024 | 7 replies
. $2,500-$2,700 in rent but have a $1,900 mortgage (including current property taxes) plus $100 for insurance, plus a 10% chance of no one renting and another 10% set aside for repairs.After all that I'm in a range of breaking even or making $200 a month with this as a rental.
20 February 2024 | 7 replies
I just sent a colleague request.If you mean that the LLC owns the property you are going to sell then that LLC is the tax payer and will be doing the exchange because it has multiple members and files it's own tax return.
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20 February 2024 | 0 replies
For other variables such as tax rates and heating costs, I find it easier to get a good evaluation.
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20 February 2024 | 4 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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20 February 2024 | 2 replies
Not sure if interesting, but my buddy just launched a tool to help find off market properties across the US based on tax delinquencies, probate, pre-foreclosures...etc.
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20 February 2024 | 4 replies
I also know many California investors who own a few million in properties, no LLCs, one reason being CA charges a $800 franchise tax per LLC.
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20 February 2024 | 1 reply
Not sure if interesting, but my buddy just launched a tool to help find off market properties across the US based on tax delinquencies, probate, pre-foreclosures...etc.
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20 February 2024 | 15 replies
I have over 200 assets and if I had a LLC for each and had to do 200 tax returns OMFG.
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20 February 2024 | 6 replies
If you pay less taxes through the year...you still have to pay those taxes at the end of the year.