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I am on contract to buy a legal 2 unit house(duplex) in the city of LA under rent controlThe monthly income on the property is 2700, and tenants pay all utilitiesSale price is 415kI am looking for a 25% down payment...
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If we moved out of state, I did the math of keeping our house as a rental vs selling. It wasn't pretty.How can you leave only 20-25% equity in a property unless the Rent is even higher
or the mortgage rate is insane...
I purchased a property last summer in Mobile Alabama for $38,000. The deal was financed using hard money at 12% and the total loan was $65,000. After closing cost I received approximately $24,000 for repairs from the ...
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So after using the Fix and Flip calculator for the first time I realized the calculator asked the purchase price, associated costs and desired profit; however at no point did it ask for my expected tax rate. Anyone fa...
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I am renting out our previous primary residence. My questions to AZ owners/self-managers is this. What specific licenses/taxes must be paid? How do I pay AZ-TPT as an individual, not an LLC?First rental in Cottonwood,...
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I currently have a business of my own that's doing well, non-real estate related, and I've got a few questions starting out:I'm essentially an oilfield service company, can I use pre-tax business profits to invest in ...
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I'm partnering on my first flip with an experienced investor. I'm providing capital in exchange for percentage of sale profit. Following the sale, I should net somewhere around $20,000. I need to know, if he reports t...
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Is anyone buying and selling real estate in self directed IRA's?
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I will have close to 100k after I sell my apartment and land that I own. I'm not looking to cash out, but to reinvest my money. Possibly do a 1031 exchange. I'm looking for directions so I may branch off of and do res...
I was wondering if someone could tell me a little about tax sales or auctions and how to find them. Of course they vary by towns and different states but what are the procedures in going to a tax sale, as well as buy...