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Hello! I'm 29 yrs old & want to purchase my first apartment in Brooklyn. I can put down up to $150K downpayment & have ~$12K/month salary after taxes. Any advice for optimising this purchase?
Ideally I'd liv...
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I know that with flipping properties, the profit generated is taxed as ordinary income. And it can significantly increase one's marginal tax rate.Other than the basics of running a business (operating as a pass-throug...
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A tenant that applied just filed Chapter 13 Bankruptcy several months ago and has a 600 credit score. His gross income is 4.6 times rent, but he has some after tax deductions (including bankruptcy payments he just...
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Assuming that operating expenses will vary from year to year, what do you typically do in the years with minimal operating costs?
For example, if you have $300k in leftover revenue, do you pre-emptively spend on the ...
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Hypothetically speaking, assume you sold your business/house or had an inheritance and after taxes you have approx $1mil in cash. How would you turn that into $15k per month in cash flow?
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I recently listened to a webinar and heard Brandon say he would not buy a rental unless it made 12% cash on cash. I'm hoping Brandon or someone else can clarify if that is before or after tax. Does that include pri...
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For those contemplating alternate investments, I highly recommend considering hard money lending. I started in 2012 with little knowledge or information. At that time we didn't have Dodd-Frank to be concerned with. Fo...
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My lady and I are moving to Columbus next year and will be buying a in the $450-$500k range. With 10% down, PITI will be about $4,000/month which is around 25% of gross earnings per month.
Comps right now for 2-3 BR ...
HelloI found a boarding house that rents rooms and cash flows around 35K/year after taxes and vacancy %.The seller may finance 50-60% of the downpayment. What type of lending professionals can I reach out to for the r...
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Ok folks, I just got another email from the lead that was generated from my ad on Kijiji. They also have an 11 unit, fully rented complex for 3.1 million or best offer. After taxes and expenses, the net income is 176,...