For a property, cash on cash return is net operating income/money I invested however when mortgage is involved, how can one calculate there return after paying off all the interest annually? Thank you
How to figure out what tax bracket you’ll be in during retirement? For example, let’s say a single person makes a 100K per year on W-2 right now working for a corporate world. It’s taxed at about 25-30 percent, right...
Can someone explain me the whole concept of cap rate ?
Thanks
If I'm doing a double closing will I be taxed on the purchase or sale of the home?
Today you are going to get some really important “behind-the-scenes” information on how a bank examines your tax returns. Often we submit our application for a conventional loan to a bank, someone tells us that it’s ...
Dear Friends, I wish everyone is stellar. I'm looking at three properties packaged together in one Street. They are located in Baltimore, Maryland. The three properties combined have eight total units which are 100% o...
Can anyone explain what the different rental losses I have circled are?
I am handling my first eviction as a landlord. I got a question about the amount I should put as "rent owed" in the Summary and Complaint form. The tenant signed a one-year lease. At signing of the lease, I got first ...
I came across a property for sale that the owner is taking offers.The house is on the $8M price range.To give an Investor a 20% ROI, the offer should be $6.5M. My fee would be 3%.What do you guys think about these num...
Asking: $30,900 (assessed for 38K)
Taxes: $1,799
Currently rent: $750
The 2% rule works: 2% of 30,900 = $618
However: at 6.5% my payments would break down as follows:
P&I: $195
Taxes & Insurance: $23...