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Hi, did anybody ever experience wrong tax calculations by JPMC Payroll/tax team ? Or is there any specific month where they deduct more tax. Huge amount of tax deduction is done for Oct payout. From my CA’s calculation the amount deducted by JPMC team looks wrong. Anybody experienced this?
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Which companies are doing H1b and immediate GC?
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Any Property Management recs in Seattle area? :(
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And if your renter stops paying, then carrying and legal costs if you only own one unit and you have to go through the eviction process. NY is not very landlord friendly, and small landlords can get killed while waiting to have the sheriff toss a bad tenant out—even if you get an eviction order. Plus—and I haven’t looked in a while—but I think there are limits on what you can charge as security (but you many want to consider non-refundable move in application fees in cash with no paper trail, given the housing market now).
I’m actually going after people and trying to garnish wages. They can BK out of it, but you might as well try if you have the time. Not paying rent is theft, in my view.
Coach
Do you have to do any work to it? If not and the rent pays for itself, I’d buy it (without any other details).
The only downfall with the city is the hurdles you’d have to jump to do any renovation work or if the city makes any code adjustments requiring updates.
Which building in LIC? How much are you investing?
It’s a good investment if you keep it for 8-10+ years
How do you net out factoring other costs (tax, HoA, maintenance reserves)?
I believe so. Let me know if I’m doing it wrong.
Price 1.14m, 15% down/4.5%/$1.4k for taxes&CC, $6.3k monthly payment minus $1.2k saved on tax (interest deductible up to $2.9k based on the $750k limit, multiplied by marginal tax rate).
I’d prob stay here for five years and rent it out.
In a generation, today’s price will be laughably low
Horrible. You get zero cash flow during your investment term and are just banking on value appreciation to make some money someday down the road. If you want to park cash it’s not a bad idea, values never go down at least for long. However, if you’re looking at this as an investment I’d look somewhere you can find more yield.
That changes a lot. You can refinance down the line if rates drop and cash flow without your rent increase potentially.