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26 January 2025 | 32 replies
To me i believe the company is a SCAM. if you google the company under scam you will some so many compliance.
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15 January 2025 | 13 replies
Timely because January 31st is the deadline.Sending 1099-NEC (formerly 1099-MISC) to contractors and vendors2024 update: While not directly related to sending 1099-NEC forms to your contractors, you may have seen the panic on social media about every $600 electronic payment reported to the IRS under a new law.
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13 January 2025 | 5 replies
If you provide any kind of substantial services like catering, car service, etc you will change you tax situation and no longer can file under Schedule E.
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10 January 2025 | 12 replies
The issue I had was that most lenders required a certain number of completed flips done under a LLC.
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16 January 2025 | 12 replies
Each has their own tax implications.There are some alternative methods of calculating how much of the distribution and therefore the interest expense falls under this category, but the bottom line is that it is very important to keep track of.
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12 January 2025 | 8 replies
Note: Florida charges a hefty tax on rentals under 6 months.
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24 January 2025 | 36 replies
My last 2 purchases and the luxury cabin I am under contract currently are all at least class B.
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12 January 2025 | 8 replies
Local Investment StrategiesHouse Hacking: Given the affordable entry prices, Albuquerque can be a great place to start house hacking, especially near the university areas.BRRRR: For those familiar with the Buy, Rehab, Rent, Refinance, Repeat method, there are opportunities in Albuquerque to purchase under-valued properties, especially in areas undergoing gentrification.Airbnb/Short Term Rentals: As previously mentioned, the city's rich cultural appeal can make certain properties lucrative for short-term rentals.
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11 January 2025 | 13 replies
Do you have any suggestions on how we can secure long-term financing under these circumstances?
14 January 2025 | 7 replies
Vanessa, If you choose the seller financed route, you could potentially continue investing under the bank's stringent debt-to-income radar, so to speak.