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Updated almost 4 years ago,

User Stats

86
Posts
99
Votes
Christopher Abele
  • Investor
  • Toledo, OH
99
Votes |
86
Posts

First Investment Property (SFH w/ questions!)

Christopher Abele
  • Investor
  • Toledo, OH
Posted

I am now under contract for my first property. 

We are purchasing with cash, will be renovating the property and, at some point in the future, will likely use it as a rental. (There will be some personal use first.)

Since there will be rental income associated with the property I want to ensure I'm setting myself up for success with taxes. 

Q: When do I ask for a W9?

We are having inspections completed today. The inspection was scheduled through a company but I'm curious as to whether I need a W9 from them since the inspection cost is $615.

For other services, such as the roof or driveway that the property needs, do I ask for a W9? Something different? Then... what do I do with them??

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