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I am just completing a short plat subdivision on a rental that I owned. The land had existing home that has been rented. My plan is to build new homes on the new lots possibly for rental but in future sale as well.i a...
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Revenue Share is where a brokerage shares its earnings with its agents for helping to grow the company. This is a win-win because the broker can pay agents rather than spend money on advertising to grow the business. ...
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When putting together our first multifamily deal, we built in a cash reserve to be used over a five-year hold for such things like capital improvements and unit upgrades. We don't anticipate using all this money in ye...
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Does anyone know of a lender in Texas that can refinance a personal property using a non-income based product? The property is in the Dallas area. Thank you!
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Hi, I am closing on my first house (multi-family) in a week and I will be renting out one of the units. I have seen on BP and other websites that an income of 3-4x is a good rule of thumb while screening for tenants. ...
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My grandmother received a lump sum check from court after being hit in a car accident. She would like to invest about $20K. However, she is also on food stamps and social security and cannot earn an income above $22K ...
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Hey all,Question here, obviously i will follow up with a tax attorney but wanted some preliminary info.Due to current mortgage rates I am exploring ways of getting creative. I have the opportunity of a parent who has...
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I am curious. Typically when I analyze a property I include the usual (property tax, insurance, etc.), I was wondering if anyone includes rental income tax as an expense when analyzing a property? For example, after d...
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Here's a 529 plan question for the tax gurus...
I setup a 529 college savings plan for my youngest years ago. She now is in college and earned a full scholarship, so she doesn't need the 529 plan funds for her underg...
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Let's say you made a couple hundred thousand in net taxable income from house flipping and you're holding some of that cash through the end of the year until you find another property, so 1031 is off the table. Other...