All Forum Posts by: Esther Stanis

Thanks everyone your insight. Greatly appreciate it

Listing price for the property is 1,499,900 and it contains 4 duplexes and 2 quads. I am trying to figure out how to get financing for this property and how to get creative to obtain deposit. I am almost done remodeling my primary residence. It should be done by the end of this month or mid February at the latest. We owe 334K on the home but right now after remodel it should be work 850K-900K. I was thinking of  Heloc $225- 250k with the rest of our cash to make the deposit $300k.  Pls let me know your thoughts. We make over 200K a year and  currently own 5 investment properties. The properties also also have equity in them too. One of my duplex that I own should have 100K in equity.  I have 65K saved and trying to figure out how to take the next step. 

Hi my name is Esther. My husband and I are looking into real estate investing and plan on investing within the next 6 months. We plan on investing in duplex/triplex/quadplex homes. Our combine income is > 200k. I’m concern how we will  be taxed when we start making income on rental properties. I’m planning on buying the properties in Florida. I’m not trying to avoid Uncle Sam but I want to make sure I’m not taxed heavily. I’m not sure how to go about it. Any advice is appreciated.