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24 January 2025 | 11 replies
You need to have the income and tax liability to support the depreciation.
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5 February 2025 | 5 replies
For example, what is the monthly revenue for the property and what are the "All In" expenses, including mortgage, taxes, insurance, utilities, repairs, etc...
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27 January 2025 | 23 replies
(I REALLY can’t stand state income taxes.
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26 January 2025 | 3 replies
You would want to look for an owner that has a loan through a bank or credit union or one that has no mortgage.
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25 January 2025 | 12 replies
@Rebecca GonaBigger Pockets is a great place to find a tax accountant that specializes in short-term rentals.
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8 February 2025 | 10 replies
It is debt you are obligating yourself to and lenders and the federal government think of it that way.Missing a payment doesn't mess up your credit, but it does mess up your day when you get sued or prosecuted.
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23 January 2025 | 31 replies
This appears to be a 'transfer tax' instead of an income tax.
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15 January 2025 | 34 replies
the note is converted or exchanged for credits?
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24 January 2025 | 13 replies
When you tell them they will only get paid when the loan closes, they will disappear.If required, the only money you should ever send to the lender is for a credit check.
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23 January 2025 | 16 replies
Where is the income tax of 49% here?