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It's $20 a square. We're going to guess what the income tax rate for a 120k household is going to be in 20 days. Who's in?
(Anyone who misses the point will be beaten severely.)
looking at a duplex and triplex. $300000 total
240,000 financed at 5% for 30 years = 15,460
taxes=2700
insurance=900
property management=6660
repairs/maint=2000
utilities=600
lawn/grounds=500
misc. =1500
vacancy=800
...
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Hey BP team!I need some advice on how to pull my 401K for investing purposes. I want to be able to rollover a portion of my current employer's 401K into an IRA account, but all of the FAQ's I have read seem like a Rot...
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So I have been thinking about the new tax law and its implications on our fix & flip predominated real estate investment business. Much of the existing information from the pundits will tell you an LLC (taxed eith...
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Can someone point me in the right direction (or refer me to an article) on how much I should expect to hold for capital gains tax for fix & flip deals?
I am in the process of forming my LLC right now, and will be...
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I'd be interested in hearing from both CPA's and Real Estate Investors on this topic.I'm conducting a search for a personal CPA who specializes in REI. I live in California, and I invest in multiple states. What are t...
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Hello all and thank you in advance for any help and info you might offer. My wife and I are new overnight vacation rental owners of a cabin in Gatlinburg, TN. We just closed out our first month of rental (June) and ...
Hello, I am new to real estate investing and to the bigger pocket forums. I recently have been trying to look for multi family deals in my area and when I do the math on to analyze a deal the property taxes are just ...
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Almost 2 years ago now, I started my 5 year plan to save up to buy my first house. I decided on a strategy that includes cash, stocks, and bonds to allow my money to grow. As my asset of stocks has grown, it has gaine...
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Im am considering relocating to Detroit to invest in RE. The only thing giving me pause is the price:prop tax ratio. It seems that in many cases the prop tax is so high than the property is in effect worth less than z...