Rental Property Taxation FAQ 1. How is rental income taxed? Rental income is taxed as ordinary income based on your IRS tax bracket. For instance, if your rental income is $10,000 and you fall within the 22% tax bracket, you’ll owe $2,200 in taxes on that income. 2. What deductions can I claim for a […]
You’ve got to be cautious about signing an Exclusive Listing Agreement with a listing agent. We teach about listing property with an agent and getting safeguards for you the real estate investor. Listing Agreements The Buyout Agreement Offering A Bonus The Right To Cancel What If The Agent Says No
Hard Money Hard Money Loans: An FAQ 1. What are hard money loans and how do they differ from traditional loans? Hard money loans are short-term, private loans secured by real estate. Unlike traditional loans from banks, hard money loans are primarily based on the value of the property rather than the borrower’s creditworthiness. They […]
Negotiating the Deal for an Assignment We assign deals for a fee there are several types of deals that we assign for fee. Wholesale deal, house that needs work, we need to figure out a price that we can assign the paperwork for a fee, But generally wholesaling deals are 65% of the after repair […]
Selling on lease with option compare renting the property out to attend as a landlord, and showing the property on a lease option Sure, let’s compare the two scenarios: Renting the Property Out Landlord Role: As a landlord, you retain ownership of the property and rent it out to tenants. Income: You receive regular rental […]
Seller carrying a second note for their equity Many times we will buy a property and not give “cash for Equity” but give a “note for equity” and “have the seller carry a second”. I don’t like paying retail for property, and I don’t like going over 90% of comps for a sales price. Why […]
Land Contract or Contract for Deed Buying or selling on a land contract or contract for deed This means that you put some money down, you get possession, you get Equitable Title but not legal title like a warranty deed, then you make payments over time with generally a balloon payment in the future. It […]
Sub2? What is that? Well, sub 2 is short for subject to the existing financing. It is a popular way to buy property without using a bank. We also use Land Trusts. We can couple subject to purchase with a note. This note can be no payments for 5 years and then a balloon payment. Some people are […]
Lease Option Pitfall Number 2 not doing a proper title search. In real estate investing without checking title you’re in trouble, it’s really stupid not to check the title. I’ll give you an example, that even if you check the title you could have a problem. I had a student that had a house that […]
Lease Option Pitfall Number One There are a lot of mistakes that people make when they’re trying to do a lease option as an investor. Let’s go through things that you can do to avoid problem. Number one, don’t give the seller too much money. Many Real Estate Investors pay too much money into a […]
Marketing for sellers Lease purchase We market for home sellers to consider lease purchase many ways. 1. Mailing out brochures We get leads from expired listings, landlords, and for sale by owners.