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21 October 2024 | 6 replies
I was currently a constructing an in depth report on each property so I will use that to classify the properties as you suggested.
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24 October 2024 | 12 replies
This way, their allowance becomes wages, which can be deductible as business expenses.However, keep in mind that many property management company owners report that margins are often tight, especially if you’re only managing your own properties.
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29 October 2024 | 131 replies
But if you ARE the person who can achieve X (whatever your goal is) then the how will reveal itself.
21 October 2024 | 9 replies
This is a huge plus because it offers liability protection, meaning your personal assets are shielded if there are any legal issues with tenants or the property.Doesn’t Appear on Your Personal Credit: One of the big perks is that these loans don’t get reported on your personal credit profile, so they won’t impact your credit score or debt visibility.
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22 October 2024 | 7 replies
Automation of Property Management: Say goodbye to the days of tenants texting and calling you at all hours of the day to report a maintenance issue.
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23 October 2024 | 13 replies
And since as a landlord with less than 100 homes you are limited to only filing a small claim on the damages and you can not report this kind of tenants to the Credit Bureau, it's worth the price.
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20 October 2024 | 13 replies
Hi Jasmine,A DSCR cash out refinance sounds like the best product for this.You can vest in an LLC and most DSCR lenders do not report on your personal credit report!
21 October 2024 | 5 replies
The other person is your investment partner in LLCPartners in LLC pay taxes based on operating agreement and % ownership (each partner gets a Schedule K-1 to report the income from LLC on personal tax return)@Nicholas Dutson more details needed on your property, what it's worth, etc to answer this.
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22 October 2024 | 12 replies
You will not get audited due to land values you report on your tax return.
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22 October 2024 | 8 replies
•Impact on Adjusted Gross Income (AGI): Deductions can affect your AGI differently depending on where they’re reported.