12 February 2024 | 7 replies
You have a long time horizon ahead of you, start building your local market expertise and the sky is the limit.
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14 February 2024 | 2 replies
Or is the tax implications of higher valuations cancel the positive effect?
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14 February 2024 | 11 replies
Simply reducing the assessment and corresponding taxes reduces expenses and immediately increases the value.
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14 February 2024 | 5 replies
You must individually own a set percent of the new purchase equal or greater than your selling property in the same tax paying name as when you sold.
14 February 2024 | 2 replies
•Best For: Investors looking to potentially secure a lower mortgage rate while accessing equity in a lump sum.Key Considerations•Interest Deductibility: Interest is generally tax-deductible when used for buying, building, or substantially improving a rental property, for all three options.
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13 February 2024 | 0 replies
In this post, I share with you the pre-construction investment benefits in the Dominican republic in the tourism sectors like Punta Cana, Puerto Plata, Sosua, and others.Among the benefits of acquiring properties on plans are the following:1- Capital Gains: the increase in the value of a property over time, due to different factors, such as accessibility, location, within the urban environment, services and infrastructure, and urban and architectural value.2- CONFOTUR tax benefits: law 158-01, which establishes tax benefits for real estate investors in the country's tourism sectors, which grants the benefit of tax exemption for 15 years.a)- Real estate transfer tax 3%.b)- Real estate asset tax (IPI) 1%.3- Financing available with an interest rate of 0%:Which works depending on the policies of each project, it normally works as follows.a)- the unit must be reserved from $2000 onwards.b)- They are given an approximate period of 21 days - 30 days to complete the downpayment 20%.c)- it is financed in monthly installments without interest until 50% of the value of the property is reached at the time of delivery 12-24 monthly paymentsd)- the remaining 50% can be financed with a bank or you can pay it cash.4- Resort administration: which guarantees monthly profitability and a return on investment which we could talk about by a zoom meeting..Thank you
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13 February 2024 | 5 replies
Currently, we are leasing the property, generating a net profit of $380 per month and living in Missouri.We are contemplating the decision to sell this property and potentially gain $239-278K payment to buy additional investment properties in Missouri given the rising rental rates in the area, we anticipate increasing our rent and potentially securing a net monthly profit of $780 (annual$9,360).While we acknowledge a monthly profit, our concern stems from the apprehension that the property might not fetch as high a price in the next five years or that our HOA fees and taxes could escalate.Given this situation, what course of action would you recommend?
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12 February 2024 | 3 replies
My team and I thrive on seeking out off-market opportunities, leveraging our expertise to turn them into profitable ventures.I'm thrilled to be joining the BiggerPockets community to connect with fellow investors and potential partners.
13 February 2024 | 6 replies
If we pay the tax (approx $900k) we then have $2.65 mil.
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14 February 2024 | 26 replies
The advantage to the seller can be the seller will pay taxes on the amount sold plus will receive the remaining amount in 3 years time, please talk to a Real Estate Attorney/Tax Adviser to confirm the advantages for the seller carry.