Through some of the literature I've been reading I've seen the term Escrow thrown around a lot. I'm just curious as to what this term means what it has to do with real estate investing?
Hello all,We just purchased our first duplex in Parma, Ohio that is now fully rented.Thanks to @Jad Boudiab for acting as my realtor. He is professional and prompt. Thanks also to @Neal Mahoney as he is a highly re...
Hello,I have a client with an adult family home in Washington State, they are looking to do a cash out refinance.Here is the property info: $570,000 Appraised Value, $2829 Annual Insurance, $3,000 Market Rent, $4,200 ...
Hi, STR fellowsSo, I have a quick question: Sometimes, when guests request money or hosts need to send money to guests, we were given the option to pay guests via Credit Card, PayPal, etc.. Why do we need to use a cre...
I’m a married, mom of 3, working full-time and manage all renovations and rent collections. It wasn’t until I purchased my third house I realized I’m considered an RE Investor. Now, I have 3 properties in NY and 2 in ...
I have a Texas disregarded LLC, Oklahoma disregarded LLC, and Wyoming partnership LLC.
My question is from tax standpoint (not legal standpoint).
I recently learned that disregarded entities are required to file so...
I see lots of post online claiming that a good rental property will make around 15% annual rental income. Is this true? What is the highest annual rental income (%) you have achieved so far?
2 Family Building RentMortgageOther ExpNet Profit 1st Floor - Taxes 1,124 2nd Floor - Insurance 292 3rd Floor 1,500 Heat - 4th Floor 1,550 Water&Sewer 150 5th Floor 2,800 Electric 100 S...
I'm using the "Multiunit/Cap Rate" method to determine the price on a duplex. Stated annual income is $9,600. Using the 50% rule, I'm expecting expenses to be approximately $4,800, giving me a $4,800 annual NOI. At...
This calculator is meant for the first loan in a Brrr deal with 20% down. Use where obvious, infer where you think, and ask all the questions you want, I'm here to help.Posting this new one because I've made some edit...