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21 September 2021 | 5 replies
In addition to the original DMV titles, should I get a separate bill of sale for each unit?
15 September 2021 | 12 replies
Let's say that is 1%, so your annual tax bill will be $297,000.
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18 September 2021 | 12 replies
@Bill Horton I was provided with a spreadsheet with the names of the tenants and payments.
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18 September 2021 | 6 replies
@Bill BrandtIs there value in just keeping it because you already have the asset?
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4 October 2021 | 13 replies
Cash flow is $550-750 per unit I own.Anchorage property tax rate varies but most of Anchorage is at 1.8% and where I have rentals in Oregon is closer to 1% or less and your tax bill cannot go up more than 3% per year.
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16 September 2021 | 7 replies
Bill,Thanks for the explanation.
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2 December 2021 | 8 replies
I put solar panels on the home so now its should valued at about $200k.Here's what the numbers look like currently:Mortgage balance: $94,94815 year fixed mortgage at 2.5% (6 years in, 9 left to go)Interest: $197.75 monthlyPrincipal: $776.58 monthlyEscrow: $536.95 monthlyTotal Monthly: $1,511.28 (tenants are paying only $1,000 but I told them $1,600 or get out so they're leaving on Oct. 1)Taxes: $5,268.10 yearlyInsurance: $1,002.15 yearlyIf Renting:Property management company says I can get a tenant for $1,500 to $1,600 a month (one suggested starting at $1,700 due to little-to-no electricity bill).They take one months fee to set-up place a tenant in, 10% every month to collect rent, and $40 fee per maintenance coordination.Refinancing offers:I have 3 offers so far and working on more, all are 30 year fixed/conventional.
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13 September 2021 | 2 replies
So as you can see he has been living there without paying a dime for close to 2 years (and not paying the utility bills either) We had intended to go the eviction route but gave him three options 1) Vacate the property within 30 days and when we have access and a vacant house, we would pay him $2,000 (Cash for Keys)2) Buy the property from us and close in 30 days ($10K over what we paid)3) Go through the eviction processWe have him three days to make a decision as to which option he wanted to pursue and he indicated he was trying to find the money.
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16 September 2021 | 2 replies
I don't know much about Roku, so would this go on my bill?
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29 November 2021 | 3 replies
@Calvin Watkins. echoing what @Wayne Brooks said - debt doesn't lower your tax bill.