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13 August 2024 | 21 replies
It's my understanding that if there's a "partial exclusion", I'd use a Form 8949 with Code H...And if it's "fully excluded" and there's no 1099-S issued (which I indeed received no 1099-S), then I'd simply not mention it at all.But my biggest question is....
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11 August 2024 | 1 reply
Reference : https://www.tiktok.com/t/ZTNs32kbD/also how to know what are zoning restrictions and state code if they adhere to or not ?
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8 August 2024 | 10 replies
I signed up for this 3 days boot camp with “Tax Lien Code.”
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12 August 2024 | 10 replies
If you're willing to live with roommates it'll likely be much easier to find options. 4-5 beds is usually ideal for offsetting the mortgage. 2) Know your local zoning codes and go down to the planning department if you can.
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13 August 2024 | 11 replies
I completely agree with the other answers that getting someone to help you is a good bet, having someone in your corner who understands the intricacies of the tax code rather than DIYing that should save you more money (and time) than you're paying them ever since I got my first rental I've had a pro doing my taxes but kuddos to you for being able to juggle so much for so long on your own!!
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10 August 2024 | 2 replies
Chris,I have 2 brownstones and found the easiest and cheapest solution as follows:Smart lock (I recommend Schlage) with each tenant receiving app access and code.
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14 August 2024 | 51 replies
To clear up this question - we can insure any investment property regardless of ownership entity as long as it meets the underwriting criteria as set forth by the carriers that underwrite our program (there are limits on unit size, number of stories, wiring type, requirements that buildings meet code and are well maintained, etc - no different than any other program or insurance company you may engage with).
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12 August 2024 | 19 replies
its difficult to understand that map, do you know the best and worst zip codes on the city?
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11 August 2024 | 16 replies
Engaging in a variable rate commission and not disclosing it (essentially making the playing field even so everyone knows the rules) is a violation of the NAR code of ethics, and in many states, a violation of the law.
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11 August 2024 | 12 replies
The process and timeline can vary by state, so make sure to check your lease agreement and local property codes for specifics.