I purchased a property over a year and a half ago through a 203k renovation loan. The property is down to the studs, so even though it's technically a renovation, it will be like a new build. The plan is to convert it...
I really need to find a professional to help strategize the best ways to reduce taxes in addition to preparing taxes. I have several rental properties and I am self-employed as a real estate agent. For example, I didn...
If you're a real estate investor looking to maximize your tax savings and boost cash flow, cost segregation might be your secret weapon. Here's a case study on a 6-unit apartment building that shows just how much you ...
“True unemployment rate at this moment is about 18%.”
In the past week, another 6-10 million became unemployed. As of this moment there are about 28 million unemployed. It was 5 million the end of the first week of...
A tenant with an existing lease has approached me requesting to have an additional person move in and live in his two bedroom apartment. I pay for water and heat so I said that I would agree to it provided I get an a...
Hello I am trying to find a way to reduce a huge trash bill (mostly recycle) for a ground floor retail condo units I own. 70% of the bill is due to recycles. There are 5 retailers (4 food and 1 clothing). The problem...
I recently saw on a MLS listing "All residents will be enrolled in the Utility & Maintenance Reduction Program at an additional fee of $20.00 per month"Anybody any idea how this program work or what is it?
Hi all,
I understand from the many post that only 75% of the rental income is considered as income -PITI= $$$ <- if positive, additional income, if negative, additional debt.
I came across a recent post that is ...
I just purchased 2 Houston, TX properties and intend to place them in Series LLC's. I was informed by a recommended lawyer that I cannot quitclaim the deed, but that instead Special Warranty Deeds are used. He seeme...
I recently bought a home and the seller brought credits to the table. This was a 20% down second home and the credits ended up making it so I did not need to bring the full 20% down to the table. However, the bank did...