So say you have a couple of properties and they are leveraged out. Banks seem to count 75% of rental income AFTER expenses right? So if income for a property is 2000/month, they count 1500 minus mortgage, tax and insu...
I’m looking to hear some thoughts on cutting back on my 401k in order to put more money towards my savings rate and invest it in real estate and other areas where it is accessible to me. I currently max out my 401k wi...
I want to share something here. If there is still a question whether to raise or lower tax rates, please back it up with facts, or history, please.
This lesson will come in 3 parts.
Harding and Cololidge period
part...
When it comes to wholesaling tax delinquent properties how does the transaction work, if I’m correct I know that nothing can be done until the back taxes are paid. For example let’s say I get a property under contract...
assuming a 100% rental property, what are the tax consequences of having an escrow account through which i funnel all the taxes and insurance premiums (as opposed to not using one)?
my best guess is there is no tax b...
Is it worth doing a 1031, if youre talking about 80k gain? I have a single family rental property ill be selling. It would be my first 1031. Are the fees and everything worth the tax benefits when talking about this a...
Does anyone in the Brevard County area, Palm Bay, Melbourne, West Melbourne know of any Good Accountants/CPA/Book Keeping experts. I need one that understands taxes and real estate investingHappy Holidays to everyone
Hi all,I've recently purchased a property in Wayne county (not the city of Detroit) where the sale price was $77,000. The property has an assessed and taxable value of $55000. This property was originally purchased in...
I don't understand fully how we as investors might be affected if the government gets serious about paying off debt and actually does it.
Let's assume for a second that the government comes up with a plan to pay off...
I'm about to embark in a fairly comprehensive rehab of a multi-family property (electrical,bathroom, kitchen, sheetrock, and various other improvements. My plan is to fix it up, and increase rents. My question is shou...