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18 February 2024 | 2 replies
Quote from @Randall E Collins: I have properties for wholesale, cannot locate investors in my area, WHY??
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23 February 2024 | 387 replies
Your mentality goes hand in hand from what I learned in the E-myth book"building a network and a team of professionals to help me (property managers, agents, lenders, mortgage brokers, insurance guys, etc.); and training/teaching them to basically do most of the work for me."
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18 February 2024 | 2 replies
I'm with @Randall E Collins, I personally have never had a good experience with it, especially when I was first starting out.
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17 February 2024 | 2 replies
for example if I have a property rented for $2000 a month and I charge 1 month rent as a turnover commission and 10% of each monthly rentals as a management fee I would send my owner a 1099 for the full $24,000 and they would just line items the turnover commission and monthly management fee as an expense on their schedule E , correct?
17 February 2024 | 11 replies
I am trying to figure out if this setup would be treated as a substantial service subject to schedule C, or if I could use Schedule E.
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16 February 2024 | 6 replies
@Angelo CortezMost STRs report income and expenses on an IRS Schedule E (not Schedule C) unless your STR is offering "substantial services"-> for example, concierge services or a butler to guests.
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19 February 2024 | 145 replies
Euclid off of Euclid Avenue, houses in the E 190s, and the condos in the E 270s are areas that might give you some trouble (though nothing nearly as bad as what you would get in most of East Cleveland).
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18 February 2024 | 47 replies
I think that was Albert E that made that quote.
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17 February 2024 | 27 replies
Account Closed Actually, QBO Plus can track, prepare and e-file 1099, set up budget, however, it does not track mileage which I don't see it as big deal since you need this only once a year and apps are available too.
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16 February 2024 | 15 replies
How do you do the liability form with your rental agreement, do you do something that they can e-sign, or is this a rental agreement that they sign and email back to you?