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29 January 2025 | 68 replies
Is it fair that the county can raise property taxes due to a strong market?
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3 February 2025 | 15 replies
Since part of your property is a rental, I believe a portion of your mortgage interest should be a tax deduction unlike your other debt.
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27 January 2025 | 17 replies
I know how to use the basic features of QBO, as I do my own expense tracking, but my Bookkeeper is needed for the more complex entries (Loans, capital balances, reconciliation, data entry from PM monthly statements.)I spend almost 8k per year in QBO and Bookkeeping costs (Not including my accountant or tax prep.)
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19 January 2025 | 9 replies
** This is part 6 of me documenting my fun and often stressful real estate journeyThe nightmare is finally over.Today I close on my second flip ending what will hopefully be the roughest period of my investing journey.
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29 January 2025 | 9 replies
I recommend that you find a trusted or recommended Mortgage Loan Originator (MLO), who can give you options for property-based loans (mostly investment loans) and they don't use your taxes but the P&L of the property.
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7 February 2025 | 9 replies
I reduced my responsibility to only taxes/insurance while the tenant buyer does the maintenance, pays utilities and makes monthly payments to me.
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22 January 2025 | 5 replies
From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party.
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31 January 2025 | 20 replies
Remember, I sent a signed and amended the agreement on November 28th, sent it to them for signature, received confirmation of their receipt, wired funds, requested multiple times they send me the fully executed agreement, never received a fully executed copy back from them and finally was questioned by them yesterday as to why I altered the agreement (meaning there was no meeting of the minds since it's therefore proven that they didn't even look at it).I have rescinded my offer to enter into a contract with Estate Legal for lead generation services and am now seeking a full refund, including my cost of wiring the funds.
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31 January 2025 | 46 replies
I log on to the browser and finally works.
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24 January 2025 | 5 replies
What are the tax ramifications of a sale, if any?