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Just talked with a gentleman who has a duplex that he's deliquent in mortgage payments & a couple years of taxes. He's claims he doesn't have the lender's contact info and is willing to let it go into foreclosure....
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Hi, I am trying to see what has worked for other investors and which strategy seems smart. I have lived in my primary home for 10 years and could cash out 40k to buy 2 more rental properties locally. Or should I loo...
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Hey Baltimore Investors,I'm looking at a multifamily in the city, but I'm worried that the taxes will rise significantly when I purchase the building. Does anyone know how assessments work in the city? Will the new as...
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Hey guys, I have family in Charlotte, and I was thinking of buying a property for a family member to live in. My goal is to buy something at/or close to retail, put down enough to generate a little cash flow (not muc...
Does your county assessor assess value at purchase price or ARV?
In my state the assessed value at purchase determines the property taxes. I'm trying to refine a spreadsheet I use and want to make it as accurate as ...
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Hi guys,About to close on my first rental property, out of-state (TN), cash purchase, through a turnkey companyI've had and will have a very low yearly income (less then $10K), and I've been filing my W2's via 1040EZ ...
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Going to throw out an example purchase for my questions, bear with me :) Ok, so I want to buy a duplex and rent it out. I'm going to just throw a number out, lets say total price is 180k. So question number one. I wou...
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How do you determined a capitalization rate? I was curious what is the current capitalization rate for a home right now? Since I want to determine a house value and I know it's based on capitalization rate, then how d...
I am looking to buy a distressed property. I want to reduce the taxes before I buy it. Since it is only worth $50k when I buy it how can I get the taxes reduced based on this value in the most time efficient manner...
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Hi there,
I'm a new STR investor and am looking for a CPA who is an STR tax expert. In particular, I am looking to deduct 20-25% my STR purchase price.