
28 January 2025 | 11 replies
Yes, do the tax exchange if you can.

29 January 2025 | 12 replies
Is $107k your true net, or do you have any other expenses (mortgage, taxes, lodging taxes and fees, insurance, utilities, landscaping, WiFi, etc.)?

18 February 2025 | 35 replies
Also I would buy tax deed land for say 2k sell it a few months later for 10k on terms that was my cash flow.

29 January 2025 | 9 replies
I'm looking for referrals for a custodian, tax attorney, and a CPA to set one up and advise me.

6 February 2025 | 9 replies
If your bottom line numbers on tax returns and W2 income are not strong however, this will be an abrupt dead end.

29 January 2025 | 5 replies
You’ll have 45 days from your sale to identify them and you’ll have to buy enough of them, and only them, within 180 days of your sale to meet your 1.1M requirement, or face taxes.

28 January 2025 | 0 replies
.💡 Tax AdvantagesThis is where my tax brain gets excited!

30 January 2025 | 10 replies
When I did my first house hack in Columbus I showed very low income on taxes.

8 February 2025 | 13 replies
Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

11 February 2025 | 31 replies
Yes, this is an unsexy option and it doesn't offer the same tax benefits, but you would benefit from reduced volatility (so long as you don't obsess over fluctuating stock prices), greater liquidity, stronger management teams and superior assets.