I am looking at a wholesale deal and the yearly taxes are $4500.00. When I close I would pay the prorated rate for the taxes. 4500.00/12 =375.00 x8 =$3000, for the rest of the year. Hope this makes since.
Thanks,
Hi Everyone, I'm in the self-educating-need-to-pull-trigger stage, planning out some paths towards investing in my first property. A little bit of overwhelm too. I have a question on the fundamental concept of generat...
Why is it so hard to shift the belief system from money accumulation to building income? Of course, as an investor, I am speaking to passive income but my discussion is about all forms of income. Almost everyone I tal...
I'm preparing for my first Local tax deed auction. I come from a scientific/research oriented background(though not my occupation now) and so this study confirmed a lot of my preparation research. Bottom line: Choose ...
Hello, I am newbie in foreclosure auction space any help here is appreciated. I was doing some duedelligence and following a property on auction.com, recently opening bid is changed.
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Investment Info:Small multi-family (2-4 units) buy & hold investment in East Setauket.
Purchase price: $364,000 Cash invested: $34,266Small multi family which was completely rented out before or first mort...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $22,000
Cash invested: $52,000
Sale price: $175,000
I purchased my first investment property located in Salem O...
I'm looking at a portfolio of 4 duplexes. All are side by side on the same street. 2 are 2/1 and two are 1/1. Two units (different buildings) have fire damage that is (reportedly) repairable. Other units are lease...
Hi All,I have been investing in real estate for a few years now and have a sound buy and hold strategy that produces solid returns. Like everyone else here, building my buy and hold portfolio has been slow moving giv...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $22,000
Cash invested: $52,000
Sale price: $175,000
I purchased my first investment property located in Salem O...